SID Ki SIP: Buy Bharti Airtel, UltraTech Cement, BEL, Max Healthcare - Check price targets
Stocks to buy: Sedani noted that the one-third of global economy will face slowdown according to a report by International Monetary Fund (IMF).
Stocks to buy: Market expert Siddharth Sedani in a special segment ‘Sid Ki SIP’ aired on Zee Business on Wednesday (January 4) recommended stocks of four companies to make investors’ portfolios strong under the theme ‘The Defender’.
Sedani noted that the one-third of global economy will face slowdown according to a report by International Monetary Fund (IMF). 2023 like the previous year could be difficult. However, India is expected to do well. "It is advisable to focus on domestic-oriented businesses as it is the right time to invest in good companies," he said.
Four stock recommendations by Siddharth Sedani under ‘The Defender’ theme
Bharti Airtel
India’s second largest telecom operator Bharti Airtel posted an 89 per cent year-on-year rise in consolidated net profit for second quarter ended September 2022 to Rs 2,145 crore, amid improved average realisation per subscriber. The total revenue rose 22 per cent year-on-year to Rs 34,527 crore during the end quarter. Sedani said that the company is now rolling out 5G and exuded confidence that Airtel 5G Plus will deliver the best experience in India.
Bharti Airtel Share Price - Rs 814.05
Bharti Airtel Share Price Target - Rs 886
Returns 1 year - 8%
UltraTech Cement
UltraTech Cement Limited is an Indian cement company based in Mumbai, and a part of Aditya Birla Group. Sedani while recommending Ultratech Cement, noted that the company has a capacity of 120 million tonnes and its domestic sales volume is growing by 10 per cent. UltraTech is the largest manufacturer of grey cement, ready-mix concrete and white cement in India with an installed capacity of 116.75 million tonnes per annum.
Share Price - Rs 7008.40
Share Price Target - Rs 7600
Returns 1 year - 9%
BEL
Bharat Electronics Limited (BEL) is a government-owned aerospace and defence company. It primarily manufactures advanced electronic products for ground and aerospace applications. Sedani said the company has 37 per cent market share and is the topmost defence company in the country. BEL is one of nine PSUs under the Ministry of Defence of India.
Share Price - Rs 100
Share Price Target - Rs 113
Returns 1 year - 13%
Max Healthcare
Max Healthcare Institute Limited is a hospital chain based in New Delhi and a part of Max Group. Sidani said, "The hospital industry is slowdown-proof. Their average occupancy of bed is over 70 per cent. Max Healthcare owns and operates healthcare facilities across Delhi National Capital Region, as well as one hospital each in Mohali, Bathinda, Dehradun, and Mumbai."
Share Price - Rs 439.25
Share Price Target - Rs 504
Returns 1 year - 13%
देखिए SID की SIP - Siddharth Investment Portfolio
#SIDKISIP : 'The Defender' थीम pic.twitter.com/N6UvKZELOe
— Zee Business (@ZeeBusiness) January 4, 2023
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