Shares to buy from Anil Singhvi: In today’s edition of the show ‘Jain Sahab Ke Gems’, stock market analyst Sandeep Jain, while speaking to Zee Business Managing Editor Anil Singhvi, named another stock for investors to make good money on. Today, he has recommended a stock that he said has the potential to give investors a high return. The stock he chose today is Technocraft Industries India Limited, and here’s why.
According to Sandeep Jain, Technocraft Industries India Limited manufactures construction machinery and clothing and has so far performed very well in the market. Technocraft was founded in 1972 by two brothers SK Saraf and SM Saraf, who are IIT graduates and technologists. The company manufactures drum closures, pipes, scaffolding, fencing panels, yarn and T-shirts for men. It is one of the largest and most recognized suppliers of drum closures in the world.
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In today’s episode, market analyst Sandeep Jain informed: “If we talk about the basics of Technocraft Industries India, the good thing about the company is that the PE multiplication of its shares is 8-8.5 and the return on equity is around 14. sales CAGR (compound annual growth rate) of the company in the last three years was about 13-14 percent, and the profit CAGR is about 7-8 percent. “
“The company’s performance in the December quarter was good. Overall, Technocraft Industries India stock is available at very good levels. I am very bullish on this stock. Investors should buy this stock at these current levels. It will be beneficial for them in the future, He added further.
Technocraft Industries India Stock: Investor Strategy
On what should be the strategy that a stock market investor can maintain with respect to Technocraft Industries India shares, Jain Anil Singhvi said, “The Technocraft Industries India Limited stock is currently trading around Rs 427.90 and one can target this stock to Rs 490. “
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