Top Stocks to Buy With Anil Singhvi: Amid Indian stock markets slowly rising, Zee Business Managing Editor Anil Singhvi has been telling investors how to go about safely making money as extreme uncertainty is there at the moment. The Market Guru is of the opinion that August is the month of quarterly results and hence specific stocks are expected to show more movement than the index they belong to.
In this regard, Singhvi asked Sandeep Jain to name today’s stock pick and Jain replied with JOCIL as a share to buy.
Giving fundamental details of the company, Sandeep Jain said, “JOCIL is a small-cap company which has market value of Rs 160 crore. It’s a debt-free company and on the TTM basis, it has given highest-ever profit. It’s PE multiple is 11 while its book value is 0.8. It’s Dividend Yield is 1.68 that is also attractive.” Jain said that the company manufactures fatty acids that are used for toiled soap raw materials.
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On his suggestion to the stock market traders in regard to the JOCIL shares Jain said, “Since, the company is manufacturing fatty acids that are going to be in high demand by the soap manufacturing in the wake of COVID-19, I am advising traders to buy JOCIL counter at current Rs 204 per stock levels for the target of Rs 225 to Rs 230 per stock levels.”
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Jain said that JOCIL is an Andhra Sugars subsidiary and that is why investors are reposing faith in it. He also said that JOCIL has been in business for nearly 30 years.
Full form of JOCIL is Janalakshmi Oil and Chemical Industries Limited.