Mid-Cap Picks with Anil Singhvi: Huhtamaki PPL, PNB Housing and Rallis India are stocks to buy today

Zee Business Managing Editor Anil Singhvi, in the popular Special Mid-Cap Stocks show, guides investors in making a wise choice while picking stocks and in this exercise a special panel of experts is at hand to provide the logic behind the move. In the show’s latest episode, the Market Guru talked to market analyst Ambareesh Baliga and took his short term, positional mid cap and long-term recommendations. Find his picks below:

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Long-term Pick: Huhtamaki PPL
Recommending his first pick in the long-term category, market analyst Ambareesh Baliga said Huhtamaki PPL growth is clearly linked to pharmaceutical and FMCG, two sectors which are performing extremely well. He said this company is leading player in flexible packaging and labelling. The company's last quarter was hit badly, and price of Huhtamaki PPL share also fell sharply. However, he was of the view that the next two quarters will be good for the company. Looking at EPS of 19 and 23.5 in FY 22, Baliga recommended a target of over Rs 376 for this counter in 9 to 12 months.  

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Positional Pick: PNB Housing
Recommending PNB Housing as his positional pick, the market expert said after its listing the share price has even reached up to Rs 1600. "It saw huge correction in the last two years over its own NPA issue and PNB NPA situation too. The company's NPA issue was due to corporate book and its clear strategy to move away from corporate lending will help this scrip. And because of excellent footprint of parent PNB, now they have retail lending of 97 per cent in FY 21, while overall retail lending of book is 83 per cent, which is extremely good. Even its NPAs are quite manageable. May target for this counter in couple of months is Rs 525. "

Short-term Pick: Rallis India
He picked a Tata group company as his short-term pick saying that Rallis India is a leading agro-chemical, crop protection and seeds segments. Recent quarter result of this company is also decent as net profit is up by nearly 20 per cent, revenue by nearly 7 per cent and the biggest trigger would be GST Council meeting due in couple of weeks this month. There is expectation that the government might reduce GST on pesticide from 18 per cent to 5 per cent. If that happens, it would be really big trigger and his short-term target in Rallis is Rs 305.