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Top Stocks To Buy: Sandeep Jain bats for this IT share in chat with Market Guru Anil Singhvi

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Top Stocks To Buy: Amid strong global cues and US stocks scaling to their pre-COVID-19 levels, Zee Business Managing Editor Anil Singhvi has underlined importance of a stock specific strategy to maximise returns. The Market Guru is of the opinion that having an idea about which stock to buy and at what levels makes a traders’ job much easier. In this regard, Singhvi asked Sandeep Jain to share today’s stock pick and the Tradeswift MD replied with Cigniti Technologies.

Speaking about Cigniti Technologies, Sandeep Jain said, “Cigniti Technologies is an IT company which listed on both NSE and BSE since 2004. The company deals in software testing through Artificial Intelligence (AI). Its clientele includes more than 50 Fortune 500 companies that reflects about its strong hold in its business domain.”

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When Anil Singhvi asked about the fundamentals of the Company Jain said, “Cigniti Technologies is sitting at the PE multiple of 6-6.25, its Return on Capital (ROC) is 45 per cent, its Return on Equity (ROE) is 18 per cent, its last 5 years CAGR profit growth is 36 per cent while the sales growth in the last three years stands at 12 per cent.”

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On his suggestion to the stock market investors, Tradeswift MD told Anil Singhvi, “I suggest stock market investors to buy Cigniti Technologies shares at current levels of Rs 309-310 for immediate target of Rs 350 and hold it for next target of Rs 390.



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