Top Stock Picks With Anil Singhvi: Amid Bank Nifty showcasing massive short-covering in the intraday trading session, Zee Business Managing Editor Anil Singhvi recommended several top stocks to investors with the potential of generating good returns. The Market Guru today asked Vikas Sethi to share short-term picks of the day and the TradeSwift expert replied by naming Grindwell Norton.
Speaking on the fundamentals of Grindwell Norton shares, Vikas Sethi told Anil Singhvi, “Fundamentals of the Grindwell Norton share are quite attractive as Return on Capital or ROC of the company is 20 per cent, Return on Equity or ROE is 15 per cent while the Operating Profit Margin (OPM) of the company is around 15 to 16 per cent.”
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Sethi went on to add that Grindwell Norton is a debt-free company and that really speaks volumes about its balance sheet. He went on to add that Grindwell Norton is a Multi National company (MNC) that deals in refractory, ceramics and silicon carbide. The MNC caters to auto, defense, health and food sector that reflects the diversified clientele of the company.
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Zee Business (@ZeeBusiness) October 1, 2020
On his suggestion to the stock market investors in regard to the Grindwell Norton shares, the TradeSwift expert told Anil Singhvi, “I would suggest stock market investors to buy Grindwell Norton shares at Rs 560, maintaining the stop-loss at Rs 543 for the very short-term target of Rs 585.”