Stocks pick with Anil Singhvi: Siddharth Sedani recommends these midcap stocks for short, positional and long term

In a special show of Zee Business, market analyst Siddharth Sedani spoke with Zee Business Managing Editor and Market Guru Anil Singhvi, suggested investors to invest in Rallis India, Kajaria Ceramics, and Zensar Tech for good returns.

Long-term pick: Rallis India

Sedani recommended Rallis India, a subsidiary of Tata Groups, as his long-term pick. He gave a target of Rs 350. Rallis India is a crop protection and seed production company. The reasons he gave for his pick was that Rallis India is doing great internationally in business. Its CAGR (Compound Annual Growth Rate) can grow by 15 per cent. Its export market share is going to improve. Due to the upcoming Kharif season, it is likely that its seed business to grow dramatically. The company is going to expand its CapEx (Capital Expenditure) by Rs 800 crore in 5 years to increase its capacity. Rallis India has a robust return ratio and an impressive balance sheet, Sedani added.

Positional pick: Kajaria Ceramics

Recommending Kajaria Ceramics as his positional pick for today, Sedani explained that it is doing well in tiles and sanitary wares business. It has a wide distribution network with around 1700 dealers' network, with 7-9 per cent domestic demands, and volume growth of 15 per cent. He gave a target of Rs 1,341 for Kajaria Ceramics within 3-6 months.

Short-term pick: Zensar Tech

Picking Zensar Tech as his short-term stock, Sedani said that it is available at a meagre cost based on its evaluation. The revenue of Zensar Tech has grown by 13 per cent. Based on the BFSI (Banking, financial services and insurance) segment and consumer services, the company's performance has been great. 

The company underwent a management change in 2021. Ajay S. Bhutoria, the new CEO, is giving a great roadmap for the 8 upcoming quarters. The company has added two new clients worth USD 10M and a total order book of USD 190M in its kitty, Sedani added.  

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