te Stocks to Buy With Anil Singhvi: Lumax Auto Technologies is a top pick for Sandeep Jain today | Money Making Tip | Zee Business

Stocks to Buy With Anil Singhvi: Lumax Auto Technologies is a top pick for Sandeep Jain today | Money Making Tip

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.

Stocks to Buy With Anil Singhvi: Lumax Auto Technologies is a top pick for Sandeep Jain today | Money Making Tip
The stock he picked today is Lumax Auto Technologies Limited.

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 Lumax Auto Technologies Limited and here is why.

According to Sandeep Jain, Lumax Auto Technologies Limited a part of the Lumax – DK Jain Group is a market leader in manufacturing automotive components. It has over three decades of experience in supplying automotive components for Original Equipment Manufacturers (OEMs) and the Aftermarket segment. Lumax Auto Technologies Limited manufactures a wide range of automotive components. The company's products include drive transmission and steering components, body and chassis, and electrical components.

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In today's episode, market analyst Sandeep Jain informed: "The fundamentals of Lumax Auto Technologies are very good -- the ROC of the company is 15, the dividend yield is around two per cent,. And if we see the profit CAGR (Compound Annual Growth Rate) of the company in the last three years, it is 16 per cent, which is impressive. It's almost a zero-debt company."

"In the last few years, the promoters have increased stake in the company, and so have FIIs and DIIs. If we see the 2019 December quarter results, the PAT (profit after tax) of the company was Rs 12 crores and in December 2020 quarter results, the PAT was Rs 23 crores. Overall, Lumax Auto Technologies 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.
Lumax Auto Technologies Stock: Investors Strategy

On what should be the strategy that a stock market investor can maintain in regard to Lumax Auto Technologies shares, Jain told Anil Singhvi, "Lumax Auto Technologies Limited stock is currently trading around Rs 149.95 and one can target this stock at Rs 190."

Written By: ZeeBiz WebTeam
Edited By: Harish Dugh
Updated: Fri, Feb 26, 2021
12:26 pm
New Delhi, ZeeBiz WebDesk
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