Stocks to Buy with Anil Singhvi: Sandeep Jain Recommends eClerx Services Today – Big Money Tip
Stocks to Buy with Anil Singhvi: In today’s episode of ‘Jain Sahab Ke Gems’, stock analyst Sandeep Jain, while speaking to Zee Business editor Anil Singhvi, spoke named another stock on which investors could make good gains. Today, he recommended a stock that he believes has the potential to deliver high returns to investors. The stock he chose today is eClerx Services Limited and here’s why.
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eClerx Services Limited is engaged in providing Knowledge Process Outsourcing (KPO) services to global businesses. The company provides data management analytics solutions and process outsourcing services to a multitude of global clients through a network of multiple locations in India and overseas.
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In today’s episode, market analyst Sandeep Jain said that eClerx Services Limited is one of the good companies in India. The fundamentals of this company are very strong and the PE multiple of its stock is 18. Return on capital employed (ROCE) is approximately 18-19 percent.
In addition, the promoters hold 53 to 54% of the shares of the company. FIIs and DIIs increased holdings in eClerx Services Limited. The company has performed well over the past few quarters. Right now, eClerx Services is available at very good levels, ”he added.
eClerx Services Limited: Investor Strategy
On what strategy should a stock investor maintain when it comes to eClerx Services Limited shares, Jain told Anil Singhvi that the eClerx Services Limited share is currently trading around Rs 1,289.00 and the we can target this action at Rs 1,530.