Anil Singhvi's 4th work anniversary at Zee Business: Dixon Technologies is perfect long-term play for attractive return, says expert Siddharth Sedani
Joining in the fourth work anniversary of Zee Business Managing Editor Anil Singhvi, Siddharth Sedani – vice president, equity advisory, Anand Rathi Shares and Stock Brokers, on Friday recommended a stock that can grow exponentially in the next four years.
Joining in the fourth work anniversary of Zee Business Managing Editor Anil Singhvi, Siddharth Sedani – vice president, equity advisory, Anand Rathi Shares and Stock Brokers, on Friday recommended a stock that can grow exponentially in the next four years.
Sedani said his pick for the long term would be from manufacturing space as it contributes around 12% to the GDP of the country.
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Picking Dixon Technologies from contract manufacturing space, the market expert said this sector is poised to do well in the long run." Dixon Technologies is engaged in contract manufacturing of LED bulbs worldwide. This scrip can touch Rs 5,000-mark in the near term and the target would be revised going forward.
Earlier, Sanjiv Bhasin of IIFL Securities on Friday had recommended three stocks to buy in the long run. In conversation with Zee Business Managing Editor, Bhasin picked these stocks from renewable energy, infra and PSU Bank space for multibagger returns over the four-year time frame.
अगले 4 साल के लिए सिद्धार्थ सेडानी का कौनसा है पसंदीदा तगड़े रिटर्न वाला स्टॉक?
जानिए इस वीडियो में...@s_sedani05 @AnilSinghvi_ #AnilSinghvi #StockMarket pic.twitter.com/Y4KSXXXmtw
— Zee Business (@ZeeBusiness) April 8, 2022
Sterling & Wilson, IRB Infra and Union Bank were his top picks.
Picking Sterling & Wilson, IRB Infra, Bhasin said renewable energy and re-opening are the themes that he looks forward to going ahead, while Union Bank will be his dark horse.
अगले 4 साल के लिए संजीव भसीन के कौनसे है पसंदीदा 3 मुनाफेदार स्टॉक्स और सेक्टर्स?
जानिए इस वीडियो में...@sanjiv_bhasin @AnilSinghvi_ #AnilSinghvi pic.twitter.com/lHVdmnGHGc
— Zee Business (@ZeeBusiness) April 8, 2022
"It won't be a surprise if Sterling & Wilson share price touches Rs 1500 or more in four years. Solar energy is here to stay. This is an investment which cannot be touched for the next five years," said IIFL Securities expert.
He said IRB infra Is a re-opening theme and has the potential to grow five times from current levels. " It is a no brainer. The government of Singapore holds 49% stake in the company. With re-opening, the more road monetization increases the more it will help this scrip (IRB infra).
Speaking of Union Bank, IIF Securities expert said that this PSU Bank could be the next Union Bank and can one can't go wrong at current levels of around Rs 40. "With technology and fintech, these PSU Banks have gone a big change. The cost of money is low and it is also doing what leading private banks are doing. Union Bank is my dark horse," said the expert.
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