Mid-cap Picks with Anil Singhvi: Know why Siddharth Sedani recommended Polycab, Neogen and Sequent Scientific

In today’s edition of Special Mid Cap Stocks show with Anil Singhvi, analyst Siddharth Sedani picked three stocks that have the potential to offer bumper returns to investors. The stocks recommended by him were with a long term, Medium term and short term views. These three stocks are Polycab, Neogen and Sequent Scientifi. Know why he recommended them: 

  Top Stocks To Buy: Polycab India Ltd 

Sedani is bullish on the infrastructure sector and recommended a stock from this space. He picked Polycab India Ltd, a stock which he has recommended earlier too. He puts the target price at Rs 1228. This Polycab stock is currently trading around Rs 1013.

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#SPLMidcapStocks | शॉर्ट टर्म, पोजीशनल और लॉन्ग टर्म में शानदार रिटर्न के लिए आज आनंद राठी सिक्योरिटीज के सिद्धार्थ सेडानी के मजबूत फंडामेंटल वाले 3 बेहतरीन मिडकैप स्टॉक्स#ZBizBazaar #Midcap #MidcapStocks @AnilSinghvi_ @s_sedani05 pic.twitter.com/6v3N3pvyid

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The reason behind this recommendation is the B2C business which is growing from strength to strength. Polycab is doing excellently in its wire and fast-moving electrical goods. The company has been focusing on improving its working capital. At 14, per cent the margins are very strong, he said. The return on equity is also 20 per cent.     

  Top Stocks To Buy: Neogen Chemical 

The technical analyst picked a stock from the chemical sector. This company is Neogen Chemical. This stock is currently trading around Rs 712. He puts the target price at Rs 812 with a 3-6-month view. 

He said that the outlook of Neogen Chemical stock is quite strong. The expansion plan undertaken by the company will show the desired results in the fourth quarter.   

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Top Stocks To Buy: Sequent Scientific 

As for short term pick, Sedani chose a company from the pharma API segment. This stock is Sequent Scientific, which is the leading company in the animal healthcare segment. This stock is currently trading around Rs 175. Sequent Scientific is about to launch 30-35 new products. There is ongoing expansion in its plants. 

He puts the Sequent Scientific stock target price at Rs 193.