Stock Recommendation: Market expert Sandeep Jain suggests considering a long-term investment in this particular stock. If you are interested in buying, it’s advisable to seek advice from a market expert or brokerage.
Stock to Buy: During Wednesday’s trading session, the stock market initially saw a decline in the early hours, but later, it witnessed a recovery. In such a scenario, one may seek advice from market experts or brokers on which stocks to invest in and when to make purchases. Market expert Sandeep Jain has chosen a strong stock for investment and recommends considering it for a long-term perspective. If you intend to buy, it’s prudent to rely on the advice of market professionals. It’s worth noting that the Nifty 50 index recently reached an all-time high but later experienced some selling pressure. However, there is also a trend of recovery in the market.
Investing in this stock is Advised! Market expert Sandeep Jain has chosen Kovai Medical Center Hospital for investment. He suggests that this stock presents an opportunity for both short-term and long-term investment. According to the expert, this is an excellent South Indian-based company that operates in advanced healthcare services.
The expert also mentioned that the company provides services in the medical business as well as education services. He believes that hospital stocks have been performing quite well in recent days, so it’s advisable to consider investing in this stock. The expert does not foresee a significant decline in hospital stocks in the coming days.
What About the Company’s Fundamentals? According to the expert, the company’s fundamentals are quite strong. It trades at a PE multiple of around 23-24. The expert emphasizes that the stock’s fundamentals are attractive. The company has a return on equity of 18 percent. Over the past five years, profit growth has been around 15 percent. However, the company recently expanded, resulting in some debt.
Looking at quarterly results, the company reported a profit of 24 crores in June 2022, while in June 2023, it reported a profit of 31 crores. The expert highlighted that the company has been consistently earning more than 30 crores in profits for the past four quarters.
(Disclaimer: Investment advice provided here is from a brokerage house. It is not financial advice. It is advisable to consult your financial advisor before making any investments.)
