Stocks to buy: Market expert and Zee Business panellist Siddharth Sedani on Wednesday recommended four stocks to the viewers under the theme 'Value Club'. In a special segment, Sid Ki SIP aired on the channel with Zee Business Managing Editor Anil Singhvi, he recommended companies with a reasonable valuation, strong earnings growth. The stocks, he said, will add stability to the portfolio.

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Four stock recommendations by Siddharth Sedani under ‘Value Club’ theme

ITC

ITC has a diversified presence across such as FMCG, hotels, software, packaging, paperboards agribusiness and specialty papers. Sedani while recommending ITC, noted that the company's Q2 earnings were strong.

Share Price Target - Rs 364

Returns 1 year - 10 per cent 

Allocation- 30 per cent

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Federal Bank

Sedani while recommending Federal Bank noted that the price to book is at 1.5 times. Federal Bank reported a net profit of Rs 803.6 crore for the quarter that ended December 2022, an increase of 54 per cent compared with the corresponding period a year ago.

The bank staged a strong all-around performance with a record net interest income (NII) on the back of lower credit costs and better asset quality.  

Share Price Target - Rs 180

Returns 1 year - 30 per cent

Allocation- 30 per cent

L&T Finance

Sedani while recommending L&T Finance noted that the price to book is at 1.2 times. L&T Finance reported a 39 per cent jump in the consolidated profit and  NII up 23.5 per cent.

Share Price Target - Rs 106

Returns 1 year - 12 per cent

Allocation- 30 per cent

Cyient

Cyient is a leading global engineering, manufacturing and digital technology solutions company. Sedani said that the price to earnings stand at 17 times.

Share Price Target - Rs 1060

Returns 1 year - 20 per cent

Allocation- 10 per cent

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