Stocks to buy: Buy L&T, Tata Steel, ICICI Bank, TCS, PNC Infra for gains, Siddharth Sedani recommend to Anil Singhvi
In yet another episode of SID Ke SIP, Zee Business Anil Singhvi spoke to Siddharth Sedani, where he picked five stocks related to the budget 2022 announcement for high returns.
In yet another episode of ‘SID Ke SIP’, Zee Business Managing Editor and Market Guru Anil Singhvi spoke to Siddharth Sedani, where he picked five stocks related to the budget 2022 announcement for high returns.
Siddharth Sedani's this week theme is 'Umeed Se Udaan'.
Talking about the theme Sedani said this theme is related to budget because the road map announced in the budget 2022 has been given for the coming 25 years. How the country becomes a 5 trillion economy in the coming 3 years, also has a road map. It means the budget is set a lot of expectations and the expectation will be fulfilled, Sedani added.
Sedani recommended five themed stocks that will outperform. He suggested investing in them equally by spending Rs 20-20 out of Rs 100 because all these companies are very big and strong and related to the theme.
L&T - Larsen & Toubro Ltd
Sedani recommended L & T stocks. He said the way money is going to spend on infrastructure and capital goods as well as L&T's orders and revenue is getting booked. So, this is a stunning company. Must buy.
Target: Rs 2298
Return (1 year): 15%
Allocation: 20%
Tata Steel Limited
Sedani recommended Tata Steel stocks. He said it is the best company. The company has a strong operating level, high profits and global prices are also strong.
Target: Rs 1776 (Long Term)
Return (1 year): 52%
Allocation: 20%
ICICI Bank Limited
Sedani recommended ICICI Bank stocks. He said the bank is strong in all aspects - stocks, results, and provisioning.
Target: Rs 890
Return (1 year): 10%
Allocation: 20%
TCS - Tata Consultancy Services
Sedani recommended TCS stocks. He said in the budget govt. talked about bringing Digital Rupee from Blockchain technology, and the biggest giant in this aspect is TCS. So, this should go into TCS's hands because RBI would also like to collaborate with the best one.
Target: Rs 4350
Return (1 year): 14%
Allocation: 20%
PNC Infratech Limited
Sedani recommended PNC Infra stocks. He said the order book is getting very strong. The outlook for the coming year is also very positive.
Target: Rs 389
Return (1 year): 31%
Allocation: 20%
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