Patakha Shares On Zee Business: ITC, SBI, Paytm, Zomato and more stocks to BUY this Diwali - Check price targets

Patakha Shares On Zee Business, Stocks To Buy: On the occasion of Diwali, Zee Business panellists have recommended stocks to the viewers that can yield good returns. In a special segment ‘Patakha Share’ aired on the channel, market experts Sandeep Jain and Rakesh Bansal recommended below stocks:   

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1. Mazagon Dock Shipbuilders 

Sandeep Jain said that the company has built 799 vessels, 26 warships, and 6 submarines. The company has zero debts. The company has a dividend payout of 37.9 per cent. 

Mazagon Dock Share Price Target: Rs 690/730 (Duration 6-9 months) 

2. ITC 

Sandeep Jain said ITC holds a strong position in FMCG and has maintained its margins. The company also offers good dividends.

ITC Share Price Target: Rs 390/410 (Duration 3-6 months)

3. State Bank of India 

Rakesh Bansal said that State Bank of India is the largest bank in the country with a 25 per cent market share in home loans and deposits.

SBI Share Price Target: Rs 900 (Duration 12 months) 

4. Paytm 

Sandeep Jain said that stock has declined 76 per cent the stock in 6 months after listing. The company also has many regulatory problems, but brand-building is good and brokerages have trust in this company. 

Paytm Share Price Target: Rs 690/730 (Duration 3-6 months)

5. Zomato 

Sandeep Jain said that Zomato made stock market debut in July 2021 at Rs 116, delivering 50 per cent listing gains. In July 2022, the stock slipped to Rs 40. 

Zomato Share Price Target: Rs 65-71 

6. Asian Paints

Rakesh Bansal said that Asian Paints is the market leader in the paint industry. He said that the company's dividend payout is also good.

Asian Paints Share Price Target: Rs 3689 (Duration 3 months)

7. Vedanta 

Sandeep Jain said that Vedanta us a good buy in the metal sector. The company has a market cap of Rs 15,500 crore.

Vedanta Share Price Target: Rs 330/350 (Duration 3-6 months)