Stocks to buy with Anil Singhvi: Sandeep Jain recommends Jyothy Laboratories today
Stocks to Buy With Anil Singhvi: In today's edition of 'Jain Sahab Ke Gems' show, stock market analyst Sandeep Jain, while speaking to Zee Business Managing Editor Anil Singhvi, named another stock for investors to make good gains from.
Stocks to Buy With Anil Singhvi: In today's edition of 'Jain Sahab Ke Gems' show, stock market analyst Sandeep Jain, while speaking to Zee Business Managing Editor Anil Singhvi, named another stock for investors to make good gains from. Today, he has recommended a stock that he said has potential to give high returns to investors. The stock he picked today is Jyothy Laboratories Limited and here is why.
According to Sandeep Jain, Jyothy Laboratories Limited, is one of the top FMCG companies in India founded in 1983. Jyothy Laboratories develops and manufactures household products. It offers fabrics, home care, utensils, and personal care products. Jyothy Labs serves customers in India. The company has 21 manufacturing units at 14 locations across India.
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In today's episode, market analyst Sandeep Jain said: "If we talk about the fundamentals of Jyothy Laboratories, the good thing is that the PE multiple of the company is 27. The dividend yield of the company is around two percent, promoters' holdings are 63 percent, FIIs and DIIs have 30 percent stakes in the company. The PAT (profit-after-tax) in December quarter results was impressive. Th company has been working aggressively to reduce its debt. The company is now almost debt-free.
"Jyothy Laboratories is very good FMCG company and it is available at very good levels. I'm very bullish on this stock. Investors should buy this stock at these current levels. It will be beneficial for them in the future," he further added.
Jyothy Laboratories Stock: Investors Strategy
On what should be the strategy that a stock market investor can maintain in regard to Jyothy Laboratories shares, Jain told Anil Singhvi, "Jyothy Laboratories Limited stock is currently trading around Rs 151.15 and one can target this stock at Rs 190."
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