Special Picks With Anil Singhvi: Buy PI Industries shares for good returns, says Siddharth Sedani
After a rally for five-successive sessions, the stock markets took a pause on Wednesday. However, that is no reason to worry says Zee Business Managing Editor Anil Singhvi.
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After a rally for five-successive sessions, the stock markets took a pause on Wednesday. However, that is no reason to worry says Zee Business Managing Editor Anil Singhvi. The Market Guru is of the opinion that markets are bullish overall till Futures and Options (F&O) expiry and one should continue to trade keeping this in mind. In fact, Singhvi has been instrumental in maximising investors' returns by recommending high-yielding shares to buy. In this regard, Singhvi asked Siddharth Sedani, Vice President - Equity Research at Anand Rathi to reveal his stock pick and he responded by naming PI Industries as his pick today.
Giving details about the fundamentals of PI Industries, Siddharth Sedani said, "PI Industries is an agro-based company which has strong market share. It is mainly in the CSM (Custom Synthesis Manufacturing) that gives them an edge on its rival companies in crop protection business. The outlook of its business is also robust as the agro-based crop protection business has high potential for growth and so do the companies dealing in this business."
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On his suggestion to investors regarding PI Industries shares, Sedani said, "One can buy the PI Industries shares at current levels of Rs 1,745 per stock levels for the target of Rs 2,060 per share mark."
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आज कौन सा स्टॉक बना सिद्धार्थ सेडानी की स्पेशल PICK?@AnilSinghvi_ @s_sedani05 pic.twitter.com/qD5m4FVRQq
— Zee Business (@ZeeBusiness) July 23, 2020
On the time horizon to keep in mind while taking the given positional strategy, Sedani said that it's a long-term pick.
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