te Stock Pick with Anil Singhvi: Analyst Sandeep Jain recommends this stock for strong return - check reasons, target and stop-loss | Zee Business

Stock Pick with Anil Singhvi: Analyst Sandeep Jain recommends this stock for strong return - check reasons, target and stop-loss

Jain has recommended Faze Three for the first time in the show. The reason is the growth in the interior design sector. It is a home furnishings company that manufactures and export cushions, rugs, throws, etc. 

Stock Pick with Anil Singhvi: Analyst Sandeep Jain recommends this stock for strong return - check reasons, target and stop-loss
It has prominent names in its kitty as investor and promoter; one of them is Ashish Kacholia.

In yet another episode of 'Jain Saab ke Gems' Zee Business Managing Editor Anil Singhvi spoke to market analyst Sandip Jain about today's top pick

Jain has recommended Faze Three for the first time in the show. The reason is the growth in the interior design sector. It is a home furnishings company that manufactures and export cushions, rugs, throws, etc. 

The profit CAGR of the Company for the past 5 years has been 75 per cent. It is empowered by experienced promoters, along with the managing director and chairman Ajay Anand, who has been working with the Company for the last 35 years. It is expected that Company will receive benefits from PLI (production-linked incentive) Schemes of Government, the analyst claimed. 

TRENDING NOW

The stock is available at the PE multiple of 18. Their September-quarter OPM (Operating Profit Margin) marked as the highest ever with 17 per cent. It had a PAT (Profit after tax) of Rs 6 crore in September last year, and it stood at Rs 14 crore this year. Based on TTM (Trailing Twelve Months), they have a PAT of Rs 39 crore. The Company's worth is Rs 700 crore. 

It has prominent names in its kitty as investor and promoter; one of them is Ashish Kacholia.

According to Jain, the Company has reached a good buying level after correction, with the top-level of Rs 352. He gave the target of Rs 370 to Rs 390 for a period of 9-10 months, if you buy at current levels.

For more details, Watch Full Video Here:-

Written By: ZeeBiz WebTeam
Edited By: ZeeBiz WebTeam
Updated: Thu, Jan 06, 2022
02:33 pm
ZeeBiz WebDesk
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