Mid-cap Picks with Anil Singhvi: Suven Pharma, Graphite India, Vinati Organics are stocks to buy for high returns, says Siddharth Sedani
Analyst Siddharth Sedani recommended a stock with from pharma sector as his long term pick. He expects a 15-20 per cent increase in profits over the next 2 years. This company is into contract manufacturing and brings 3-4 molecules every year. The company is debt free and the return on equity is around 38 per cent. The company is fundamentally very strong, he said
In today’s edition of Special Mid Cap Stocks with Anil Singhvi, analyst Siddharth Sedani picked three companies for bumper returns. These stocks recommended by him were with a long term, medium term and short term views. Know what he recommended today and why they are placed well to give high returns!
Top Stocks To Buy: Suven Pharma
Sedani recommended a stock with from pharma sector as his long term pick. He expects a 15-20 per cent increase in profits over the next 2 years. This company is into contract manufacturing and brings 3-4 molecules every year. The company is debt free and the return on equity is around 38 per cent. The company is fundamentally very strong, he said.
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He puts a target price of Rs 594 and has a 9-12 month view on Suven Pharma.
Top Stocks To Buy: Graphite India
The technical analyst picked a stock from the metal sector as his positional medium term pick. Sedani picked Graphite India which he called as a very big company which manufactures electrodes.
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This stock was trading around Rs 527 at the time of recommendation. He puts the target price at RS 590 while. As the metal prises are on the rise, the realisations for this company are expected to remain high, he said.
Top Stocks To Buy: Vinati Organics
As for short term pick, Sedani chose a company from speciality chemical space. He said that he has been recommending this stock from levels of Rs 1000. This stock is Vinati Organics. He said that he expects a strong Q4 2021 results for this company.
Vinati Organics stock was trading around Rs 1399 at the time of recomendation. He puts the target price at Rs 1475.
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