Mid-cap Picks with Anil Singhvi: 3 stocks to buy for big gains - Sandeep Jain recommendations
In yet another episode of #Spl MidcapStocks, market analyst Sandeep Jain today recommended three more mid-cap stocks for investors to buy to generate big returns. He was speaking to Zee Business Managing Editor Anil Singhvi. These recommendations are with long term, positional medium term and short term views
In yet another episode of #Spl MidcapStocks, market analyst Sandeep Jain today recommended three more mid-cap stocks for investors to buy to generate big returns. He was speaking to Zee Business Managing Editor Anil Singhvi. These recommendations are with long term, positional medium term and short term views. He explains why each of these three stocks have good potential to earn bumper returns for the investors.
Top Stocks To Buy: ESAB India
Jain said that his long term pick today was ESAB India, an MNC, which has business interests in manual welding, cutting equipment and welding consumables. The valuation are not very high at a PE multiple of 28. The stock is currently trading around Rs 1373. The dividend yield is 5.27 per cent. The profits of the company have grown by 25 per cent and the sales growth is at 10 per cent. The downsides on this stock are at minimum. The stock can be bought for a target price of Rs 1590.
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Top Stocks To Buy: FDC Limited
The technical analyst picked FDC Limited with a positional medium term view. Jain says, "We have all consumed one of its most popular products - Electral." He added that the company is very consistent and the stock is available at a very reasonable valuation. The share price of this company is around Rs 286. The overall growth of this company has been good over the last 5-6 years. It is a safe company in terms of investments. The stock should be bought at existing levels with a target price of Rs 310.
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Top Stocks To Buy: Aarti Industries Ltd
As for short term, Jain picked Aarti Industries Ltd. This stock has seen a correction at top levels of around Rs 1200. The stock is currently trading at around Rs 980. It has strong fundamentals. The Return on Equity is around 23-24 per cent. The growth is around 16-17 per cent. He recommends a Buy on this stock at existing levels. The stock has the potential to achieve a target price between Rs 1050 and Rs 1070 in the near term.
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