Stock to Buy: Market expert Sandeep Jain has chosen a strong stock to make profits and has advised to invest money there. According to Sandeep Jain, you can invest in this stock for short term.
Stock to Buy: Due to the fall in the American markets, the domestic market is also witnessing a decline. There is all-spherical promoting in the stock market. If you want to earn cash from India even in this sale, then you can spend money on such shares, that have been the choice of market experts. Market expert Sandeep Jain has selected a strong stock to earn profit and has advised to invest money there. According to Sandeep Jain, you can invest in this stock for short term. Let us tell you that in the last trading session of the week, strong selling is being seen in the stock market. In such a situation, vigilance must be taken care of while investing money in the market. In the opinion of experts, you can bet on this stock.
Expert chose this stock
Market expert Sandeep Jain has picked Elecon Engineering to buy. Expert told that this is a Gujarat based company and this company is working since 1951. The expert told that he had selected this stock for purchase on March 18, 2020 as well. The expert told that the company has presented amazing results.
Elecon Engineering – Buy
- CMP – 386
- Target Price – 430/450
Experts told that it is Asia’s largest company in industrial manufacturing. Apart from this, this company works for the transmission sector. You can spend money on this stock for short time period.
How are the fundamentals of the company?
The expert said that the stock trades at a PE multiple of 19. The growth of profit for the last 3 years is 54 percent. Apart from this, the growth of 5 years is 69 percent. The expert told that in December 2021, the company had presented a profit of Rs 31 crore and in December 2022, the company had presented a profit of Rs 64 crore. Apart from this, there is a company of 4200 crores.