Mid-cap Stock Picks With Anil Singhvi: Buy NCL Industries, Amber Enterprises, Minda Industries shares for good returns
Mid-cap Stock Picks With Anil Singhvi: Zee Business Managing Editor Anil Singhvi says that post weekly expiry, mid-cap stocks are expected to attract more attention even as the market participants are already celebrating a party in this space.
Mid-cap Stock Picks With Anil Singhvi: Zee Business Managing Editor Anil Singhvi says that post weekly expiry, mid-cap stocks are expected to attract more attention even as the market participants are already celebrating a party in this space. In this regard, the Market Guru today asked Siddharth Sedani to share his top mid-cap stock picks and he replied with NCL Industries, Amber Enterprises and Minda Industries and called them stocks to buy for massive returns.
Speaking on the long-term pick first, Siddharth Sedani told Anil Singhvi, "My long-term pick today is from the cement industries and the share is NCL Industries. Cement sector has been underperforming for the last two-three months and now it is expected to pick up after the monsoon season ends. The company's volume growth is to the tune of 8 per cent and its brand name is Nagarjuna Cement. My advice to the traders is to buy this counter at current levels of Rs 95-96 for the target of Rs 136 in one year perspective."
On his positional or mid-term pick from the mid-cap space, Sedani said, "My mid-cap stock pick for mid-term is Amber Enterprises. It is an import substitute contract manufacturer and deals in making air-conditioners. The business prospect of the company is very bright as out of 7 million air conditioners being consumed in the Indian markets, 3 million are being imported. In the coming times, this import level is expected to jump from 3 million to 15 million. So, one can buy this counter at current levels of Rs 1,850 per stock levels for the target of Rs 2,050."
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Sedani said that his short-term pick from the mid-cap space is Minda Industries — an auto ancillary company. Recently, the company has tied up with Kia Motors for alloy wheel manufacturing. apart from this, it has got good orders from the Maruti Suzuki for head lamps supply.
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On his suggestion to the traders in regard to Minda Industries shares Sedani said, "I would recommend traders to buy Minda Industries shares at current Rs 360 levels for the target of Rs 396."
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