Mid-cap Picks with Anil Singhvi: Top 3 stocks to buy for high returns - Siddharth Sedani picks

Analyst Siddharth Sedani’s previous mid cap stock recommendations have been on the spot and he was ready to come up with some new names for investors to profit from. Sedani told Zee Business Managing Editor Anil Singhvi that his picks Dr Lal Path Labs has already achieved its target price, Navine Fluorine is nearing its target levels. Other stocks are also doing well, he said. Keeping the momentum going, Sedani brought 3 more picks to the table as stocks to buy – one each with long, positional medium term and short term views.

Top Stocks To Buy: Orient Electric

Sedani told Zee Business TV today that he would recommend Orient Electric as his long term pick. He put the target price at Rs 219. This company has now ventured into health appliances, he said. The company has developed UV Sanitech device to kill viruses. It is also a market leader in fans. The stock is currently trading at around Rs 185. 

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Top Stocks To Buy: IPCA Labs

The technical analyst picked IPCA Lab as his positional medium term stock. This pharma sector company which manufactures APIs should be looked at, he said. The company makes HCQS (Hydroxychloroquine) – a vaccine which is being used in good amount to even treat coronavirus infection, he added. He recommends buying this stock. The target price of IPCA Labs is Rs 1990. The stocks are currently trading around Rs 1785. 

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#SPLMidcapStocks | शॉर्ट टर्म, पोजीशनल और लॉन्ग टर्म निवेश के लिए आज सिद्धार्थ सेडानी ने बताए ये 3 दमदार मिडकैप स्टॉक्स जो देंगे बेहतरीन रिटर्न#ZBizBazaar #Midcap #MidcapStocks @AnilSinghvi_ @s_sedani05 pic.twitter.com/5XngzCnWDO

— Zee Business (@ZeeBusiness) July 21, 2020

Top Stocks To Buy: Polycab India

As for short term pick, Sedani chose Polycab India. This company is a market leader in the wire and cable segment with a market share of 12-15 per cent, he said. The company is good with strong fundamentals. The balance sheet of the company is also strong. This stock has the potential to give good returns. The stock is currently trading around Rs 856. He recommends buying in the stock with a target price of Rs 884. He expects the target to be achieved within a month.