Diwali Pick: Anil Singhvi expects this FMCG major stock to grow over 54% till next Samvat

In his third recommendation as Diwali pick, Zee Business Managing Editor Anil Singhvi expects the fast-moving consumer goods heavyweight — ITC -  to grow exponentially going forward. He says, the blue chip company has been underperformed as compared to the benchmark indices. 

Singhvi says, “The company is high dividend yield giving company with cash reserves. The stock lately has breached the Rs 200 per share mark and the market expert Singhvi sees the stock would jump Rs 275 per share on a short-term basis, while it will surge Rs 350 per share on a mid to long-term basis. “

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The managing editor of zee business had recommended the blue-chip company at Rs 160 per share levels during the start of Samvat 2077. And, he has recommended again expecting the stock would cross levels of Rs 300 per share in the coming one year. 

The counter during Muhurat trading has surged around 2 per cent to Rs 226.7 per share on the BSE, as compared to a 0.54 per cent rise in the S&P BSE Sensex.

(Disclaimer: The views/suggestions/advice expressed here in this article are solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)