SID Ki SIP: Buy ICICI Bank, Infosys, Airtel, L&T shares - check price targets
Stocks to buy: Market expert Siddharth Sedani recommended stocks of four large cap companies to make investors portfolios strong under the theme Pillars of India.
Stocks to buy: Market expert Siddharth Sedani in a special segment ‘Sid Ki SIP’ aired on Zee Business on Wednesday (December 28) recommended stocks of four large cap companies to make investors’ portfolios strong under the theme ‘Pillars of India’.
Siddharth said that the investors should definitely buy stocks of these four companies when the market is down because their earnings are strong and company size is massive. "These companies will help India achieve the 'Golden Era' target by 2030 and investors should buy these Pillars of India", he added.
Four stock recommendations by Siddharth Sedani under ‘Pillars of India’ theme
ICICI Bank
ICICI Bank is the country's second largest private sector lender. Sedani said the asset quality is good and the Mumbai-headquartered bank is stable.
ICICI Bank Share Price - Rs 896.95
ICICI Bank Share Price Target - Rs 1,094
Returns 1 year - 21%
Infosys
Infosys Limited is an Indian multinational information technology company that provides business consulting, information technology and outsourcing services. Sedani while recommending Infosys, noted that the Bengaluru-headquartered company is showing strong earnings growth. The IT company has increased its revenue guidance to almost 15-16 per cent.
Infosys Share Price - Rs 1,523.90
Infosys Share Price Target - Rs 1,800
Infosys Returns 1 year - 19%
Bharti Airtel
Bharti Airtel Limited, commonly known as Airtel, is an Indian multinational telecommunications services company based in New Delhi. It operates in 18 countries across South Asia and Africa, as well as the Channel Islands. Sedani said, "The company showed strong Q2, strong growth in data. The company has launched 5G services and has already added about 10 lakh customers."
"Airtel will continue to lead in the telecommunications domain," he added. Currently, Airtel provides 4G and 4G+ services all over India and 5G service in selected cities.
Bharti Airtel Share Price - Rs 806.75
Bharti Airtel Share Price Target - Rs 886
Bharti Airtel Returns 1 year - 9%
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