Mid-cap Picks with Anil Singhvi: Siddharth Sedani recommends BASF, Carborundum Universal, Mayur Uniquoters for high returns

In today’s Special Mid Cap Picks show with Zee Business Managing Editor Anil Singhvi, Analyst Siddharth Sedani began by giving updates on his previous recommendations. His previous stock recommendations of Dixon Technologies and Amber Enterprises have been doing very well, he said. While the former has achieved its target, the latter is approaching its target price. Take a look at his money-making strategy for these two stocks below: 

Top Stocks To Buy: BASF 

Sedani told Zee Business TV today that he would recommend BASF as his long term pick. This is the biggest chemical company in the world, he added. This stock is currently trading around Rs 1568 and the way the agriculture chemical segment is doing the company could do very well, he further said. It should be bought for a target price of Rs 1860. BASF is an MNC.  

Watch Zee Business Tweet Video Below

#SPLMidcapStocks | शॉर्ट टर्म, पोजीशनल और लॉन्ग टर्म में दमदार रिटर्न के लिए आज सिद्धार्थ सेडानी किन 3 मिडकैप शेयरों पर हुए बुलिश? जानें यहां
#ZBizBazaar #MidcapStocks @AnilSinghvi_ @s_sedani05 pic.twitter.com/D7rSsGUNMH

— Zee Business (@ZeeBusiness) September 15, 2020

Top Stocks To Buy: Carborundum Universal 

The technical analyst picked Carborundum Universal, a Murugappa Group company.  It makes manufacturing materials. The analyst said that the ceramics and minerals as the supply from China has been stopped. This will benefit the company. He puts the target price at Rs 321. This stock is currently trading around Rs 273. The stock should be bought with a 3-6 months view.  

See Zee Business Live TV Streaming Below:

Top Stocks To Buy: Mayur Uniquoters 

As for short term pick, Sedani picked a company which is not only doing well in automobile sector but also in the footwear sector. This company is Mayur Uniquoters. This stock is currently trading around Rs 290. The company is into leather business. It is also setting up an artificial leather manufacturing plant, he said. As the recovery comes in the auto sector, this company will benefit greatly. He puts the target price at Rs 337.