Mid-cap Picks with Anil Singhvi: Buy IPCA Lab, Aarti, CDSL for high returns, says Siddharth Sedani
As a short term pick, Sedani picked a stock from pharma sector - a sector which he referred to as buzzing in the current context. The quarterly results were good with strong margins and the situation is likely to continue, he said. He puts the target price at Rs 2300. He has a 1-3-month view on this company
In today’s Special Mid Cap Picks show with Zee Business Managing Editor Anil Singhvi, analyst Siddharth Sedani said that investors should not be worried about market volatility and instead try to take advantage of it. More than that, he went ahead and named the stocks that they could actively consider. He recommended three stocks for short term, positional medium term and long term views.
Top Stocks To Buy: IPCA Lab
As a short term pick, Sedani picked a stock from pharma sector – a sector which he referred to as buzzing in the current context. This stock is IPCA Lab. This stock is currently trading around Rs 2045. Many products of this company are being widely used including HCQ (Hydroxychloroquine). The quarterly results were good with strong margins and the situation is likely to continue, he said. He puts the target price at Rs 2300. He has a 1-3-month view on this company.
Top Stocks To Buy: Aarti Industries
As a positional medium term pick, this analyst picked Aarti Industries. This company has business interests in chemicals space. The stock is currently trading around Rs 1029. The company is also planning to expand its capacity worth Rs 2400 cr. The new products that will be launched in US will also increase its margins. He puts the Target price at Rs 1200.
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Top Stocks To Buy: CDSL
As for long term pick, Sedani recommended CDSL as his long term pick. It is the biggest depository company and this business has been divided between two companies and the only one listed is CDSL. It has a market share of 51 per cent. In the last 4-5 month the account opening has grown by 8 percent in terms of volumes. The stock is currently trading around Rs 430. The quarterly results were strong with margins growing up by 58 per cent. He puts the target price at Rs 560.
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