Stock Market

Stock to Buy: You can invest money in this stock for strong returns, Expert Bullish for big earnings

Stock to Buy: Market expert Sandeep Jain has introduced a strong stock for buying in the stock market. If you want to bet, then first know the performance of the stock.

Stock to Buy: It is very important to understand the movement of the market for buying in the stock market. To help you in selecting stocks to buy, market expert Sandeep Jain brings to you some powerful stocks. If you are planning to buy in the stock market, then you can bet on Sandeep Jain’s Best Pick. Sandeep Jain has advised to buy on a strong share of the cash market.

Advised to bet on this stock

Market expert Sandeep Jain has advised to buy a tremendous stock to bet in the stock market, that is IG PETRO. According to Sandeep Jain, this stock can make strong earnings in the short term. Let us know why Sandeep Jain has given buying advice on this stock …

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Buying Opinions on IG PETRO

In the eyes of Sandeep Jain, this share is going to give a strong performance. According to experts, this is a good and old company of chemicals. This stock is working on PE multiple of 8-9. At the same time, the return on equity of the company is 26 percent.

IG PETRO – Buy Call

  • CMP – 835.10
  • Target- 950/990

How are the fundamentals of the company?

Talking about the fundamentals of the company, then this company is solid in that respect. The CAGR i.e. Compound Annual Growth Rate of profit for the last 5 years of the company is 26 percent. Apart from this, the operating profit margin of the company is around 26-27 percent.

Stock in News: Action will be seen in these stocks in terms of news, can give strong returns

How were the company’s results?

The company presented a profit of Rs 100 crore in the March quarter 2021. At the same time, in this September quarter, the company reported a profit of Rs 65 crore, while in the September quarter last year, the company had presented a profit of Rs 23 crore.

The market cap of the company is Rs 2400 crore. Promoters hold 69 per cent stake in the company. Sandeep Jain told that he has already given this share for purchase and at that time the share had achieved its target.

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