Stock Picks of the Year: Anil Singhvi suggests Tata Communications, Tata Motors and DLF for gains

Zee Business Managing Editor Anil Singhvi has picked three stocks for 2023, which he said will give significant gains to investors. This is what he recommended.   

Stock to BUY | Tata Communications: Managing Editor said that it is one of his favourite stocks and should be in portfolio for not just 1 year but for 2,3 and 5 years. It has a strong parentage in the form of Tata Group. The group purchased VSNL business from the government and the group now has a complete control over the company. Another positive is the ban on Chinese telecom equipment in the US. It is an order from its court and has been in effect from 1 January. The existing equipment will be phased out and Tata Communications will benefit. A fraction of the business from US, will double its revenues. Tata Communication has recently acquired The Switch Enterprises which will help the company to expand its business and execute its plans. Tata Communications' revenue can double and even jump five-fold in the next 5 years.

In terms of valuations, Tata Communications is one of cheapest stocks of Tata group and is attractive at current levels. The stock today ended at Rs 1,315, up 40.55 or 3.18 per cent. He puts the price target at Rs 1600/2000/3500/5000.

PICKs Of The Year :

2023 में कौनसे 3 शेयर में जरुर खरीदें?

कौनसे तीन #Stocks देंगे FD से दोगुना रिटर्न?

किन तीन शेयरों में SIP करने का बढ़िया मौका?

पोर्टफोलियो में रखने के लिए 3 दमदार शेयर

निवेशक जरुर देखें @AnilSinghvi_ का ये वीडियो#investment #investors #StocksToBuy pic.twitter.com/FQ2oSqqQWU

— Zee Business (@ZeeBusiness) January 2, 2023

Tata Motors

Another stock picked by him is Tata Motors which has a strong promoter backing. He said that if economic conditions improve and interest rates peak out and now that China Covid-19 restrictions are being lifted, the first good news that will come for the company will be from global markets. Its flagship brand Jaguar Land Rover (JLR) will gain from business in US, Europe and China.

Tata Motors is also a leader in EV segment in India, Singhvi said adding that the process of acquisition of Ford plant in Gujarat is completed and production will start soon. He said that the valuations are very good and it is one of safe stocks. The recommendation was made a price of Rs 394 with a price target of Rs 460 and Rs 525 with a view of 1 year. He said that the stock can be held with a long term view as well.

DLF

Singhvi said that balance sheet of the company has improved and its profitability has increased. Also, rental yield has improved and the stock is now ready for a good rally. He further said that the outlook for real estate sector is also comforting. The stocks is available at attractive valuations and the company has reduced its debt. Buying was suggested when the stock was trading around Rs 378 with a price target of Rs 450/525/600.