Stocks to Buy With With Anil Singhvi: Technocraft Industries India is a stock to buy today, says Sandeep Jain

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Stocks to Buy With 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 Technocraft Industries India Limited and here is why.

According to Sandeep Jain, Technocraft Industries India Limited manufactures construction equipment and apparel and has performed very well in the market so far. Technocraft was established in 1972 by two brothers S.K. Saraf and S.M. Saraf who are IIT Graduates and Technologists. The company produces drum closures, pipe, scaffolding, fence panels, yarns, and men’s T-shirts. 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 fundamentals of Technocraft Industries India, the good thing about the company is that the PE multiple of its stocks are 8-8.5 and the return on equity is around 14. The sales CAGR (Compound annual growth rate) of the company in last three years was around 13-14 percent and the profit CAGR is around 7-8 percent.”

“The December quarter’s results of the company were good. Overall, Technocraft Industries India stock 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.

Technocraft Industries India Stock: Investors Strategy

On what should be the strategy that a stock market investor can maintain in regard to Technocraft Industries India shares, Jain told Anil Singhvi, “Technocraft Industries India Limited stock is currently trading around Rs 427.90 and one can target this stock at Rs 490.”