Mid-cap Picks with Anil Singhvi: Vikas Sethi picks Phillips Carbon Black, Coromandel International, IEX for top returns
In chat with Zee Business Managing Editor Anil Singhvi, market expert Vikas Sethi today recommended his top three mid cap stock picks to buy, which he said have potential to earn big returns for the investors. These stocks were recommended with long term, positional medium term and short term views. Know why this analyst thinks these stocks to hold promise!
In chat with Zee Business Managing Editor Anil Singhvi, market expert Vikas Sethi today recommended his top three mid cap stock picks to buy, which he said have potential to earn big returns for the investors. These stocks were recommended with long term, positional medium term and short term views. Know why this analyst thinks these stocks to hold promise!
Top Stocks To Buy: Phillips Carbon Black
Sethi said that his top recommendation for long term view is Phillips Carbon Black. This is a RP Goenka Group company which manufactures Carbon Black and is the largest company in this segment. There is a huge demand in its products, he added.
See Zee Business Live TV Streaming Below:
This product is mainly used in rubber and tyre industry. He said that the prices have been increasing for this product. Phillips Carbon Black results are likely to be announced on 20 January and they are expected to be strong, he said.
The fundamentals of Phillips Carbon Black are quite strong, he further said. He puts the target price at Rs 250 over the next 9-12 months.
Watch Zee Business Tweet Video Below:
Phillips Carbon Black stock is currently trading around Rs 178.
Top Stocks To Buy: Coromandel International
The analyst picked Coromandel International - a Murugappa Group company as a positional medium term buy. This stock is important from the stand point of Budget 2021 as it is from the agriculture sector. The budget is expected to have big announcement on agriculture and allied sectors. The fundamentals of Coromandel International are very strong, he said.
Coromandel International stock is currently trading around Rs 816. The stocks should be bought at the existing levels. The positional medium term target for Coromandel International stock is around Rs 875 and the stop loss at Rs 795-Rs 800.
Top Stocks To Buy: IEX
As for the short term pick, Sethi picked IEX (Indian Energy Exchange). This stock has been recommended by him at lower levels too. He said that he was bullish on IEX stock.
IEX stock is currently trading around Rs 244. The outlook for this company is great as it is into power trading – a monopoly business for the company. It is fundamentally a strong company. IEX target price is Rs 265 and the stop loss is Rs 235.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.