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 and Market Guru Anil Singhvi, named another stock for investors to make good gains from. Today, he has recommended a stock that he said has the potential to give high returns to investors. The stock he picked today is Salzer Electronics Limited and here is why.
According to Sandeep Jain, incorporated in the year 1985, Salzer Electronics Limited designs and manufactures cam operated rotary switches. The company manufactures load break switches, proximity switches, wiring ducts and terminal connectors, and markets them worldwide.
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In today’s episode, market analyst Sandeep Jain said, “The fundamentals of Salzer Electronics Limited are very strong. The PE multiple of Salzer Electronics stocks is 8. If you see the profit CAGR of the company in the last five years, it has shown 15-17 per cent CAGR growth. The sales growth CAGR of the company has been 14 -15 per cent in the last few years.”
“Salzer Electronics has managed its debt-equity very well. The company has performed well in the last few quarter results. At present, Salzer Electronics 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.
Salzer Electronics Limited: Investors Strategy
On what should be the strategy that a stock market investor can maintain in regard to Salzer Electronics Limited shares, Jain told Anil Singhvi, “Salzer Electronics Limited stock is currently trading around Rs 128.80 and one can target this stock at Rs 150-170.”