Stocks to buy with Anil Singhvi: Grauer and Weil is a top Sandeep Jain pick; know why he is so bullish on it
In today’s edition of ‘Jain Sahab Ke Gems’ show, market analyst Sandeep Jain picked a company which is a significant player in electroplating engineering equipment and speciality chemicals. He explains to Zee Business Managing Editor Anil Singhvi why he picked this stock and what is triggering a bullish move in this stock
In today’s edition of ‘Jain Sahab Ke Gems’ show, market analyst Sandeep Jain picked a company which is a significant player in electroplating engineering equipment and speciality chemicals. He explains to Zee Business Managing Editor Anil Singhvi why he picked this stock and what is triggering a bullish move in this stock.
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Top Stocks To Buy: Grauer and Weil Limited
Jain recommended Grauer and Weil Limited, a company that is into the business of electroplating engineering equipment and speciality chemicals. He said that this is an excellent company. He said that Grauer and Weil also owns a shopping mall in Mumbai. It has over 4.75 lakh square feet shopping centre. But the biggest plus with this company is that it does not have a debt. The company has created a real estate business apart from its main business and the revenues come from there as well.
Jain said that Grauer and Weil has not participated in the market rallies but has the potential to do well in the next 6-9 months.
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जैन सा'ब के GEMS: जानिए आज Grauer & Weil Ltd क्यों बना संदीप जैन की पसंद?@AnilSinghvi_ @SandeepKrJainTS
LIVE TV: https://t.co/8ar8NVzELi pic.twitter.com/jXqm6uw4A2
— Zee Business (@ZeeBusiness) December 30, 2020
This is a Rs 924 cr company with stock available at a PE multiple of 17. The return on capital employed is 20 with 1.25 per cent dividend yield. The promoter holding is quite strong at around 70 per cent. Grauer and Weil profit CAGR has been around 15-16 per cent over the last 5-7 years.
Grauer and Weil share price is currently trading around Rs 43. There is a valuation comfort in this stock as it has seen significant corrections. There is a wide upside open. The stock can be bought for a target price between Rs 50 and Rs 55. It should be included in the portfolio for 6-9 months, Jain said.
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12:56 PM IST