Anil Singhvi's 5 stock ideas for Samvat 2081 for stellar gains
Even as the market sentiment has turned cautious after steepest correction in a month since the Covid meltdown, the market wizard remains bullish on the India growth story.
For Samvat 2081, Zee Business Managing Editor Anil Singhvi has recommended five stocks across sectors including, banking, chemical and retail among others. The expert's recommendations come as he believes that we are in the biggest bull run and the current market mood should not make investors as anxious as the sentiment is not as bad.
Justifying his optimism, Singhvi said even after the massive drawback during the Covid-led meltdown, Nifty has trebled in just four years.
Here below are the five picks by market veteran on the occasion of Diwali:
DIWALI PICK #1
Buy HDFC Bank:
The market guru is bullish on the country's leading private-sector bank with a solid compounding story of 20 per cent CAGR. The stock available at attractive valuations can be relied upon in tough times. The investment horizon suggested for the stock is 12-18 months for targets of Rs 1,900, Rs 2,100 and Rs 2,200, implying gains of up to 27 per cent.
The market wizard also suggests taking the SIP route in the stock at every 7 per cent fall in the stock price.
DIWALI PICK #2
Buy Sequent Scientific:
For the holding company operating in the pharma space, the expert recommends a buy for a horizon of 1-2 years for a target of Rs 325, Rs 400 and Rs 500. The highest target implies potential gains of 162 per cent from the last close.
SIP in the stock is recommended at every 10 per cent fall.
The buy is recommended as the expert believes that the smallcap company will benefit from merger with Viyash Life. Furthermore, strong growth is expected from capacity expansion. He highlighted that the company's
R&D capacity will increase by 6 times and manufacturing capacity will increase by 5 times.
DIWALI PICK #3
Buy Epack Durable:
The expert cited that the electronic manufacturing services (EMS) and original design manufacturer (ODM) sectors look very strong. The company is the second-biggest ODM in the room AC segment.
The company is aggressively expanding and recently has executed two big tie-ups with reputed international brands. The analyst expects over $1 billion or Rs 8,500 crore additional revenue from tie-ups.
The investment call in the stock is given for 1-3 years with the target pegged at Rs 500, 650 and Rs 800. The highest target implies a potential gain of over 86 per cent. The market guru also suggested starting a SIP in the scrip at every 10 per cent fall.
DIWALI PICK #4
Buy ABFRL:
As per the analyst the retail stock trades at highly attractive valuations compared to Trent. Also, the market guru believes that the textile-to-premium retail story is very strong.
For the stock, the recommended target is Rs 600, implying gains of 91 per cent gains.
DIWALI PICK #5
Buy Aarti Industries:
The analyst bets on the stock as the chemical story looking very strong amid fall in raw material prices and product price increases. Also, the company is targeting debt reduction. The analysts recommends the stock for a price target of Rs 685, 850 and Rs 1,000, implying gains of up to 90 per cent from the previous close.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Top 7 Large Cap Mutual Funds With Highest SIP Returns in 3 Years: Rs 23,456 monthly SIP investment in No. 1 fund is now worth Rs 14,78,099
SBI Green Rupee Deposit 2222 Days vs Canara Bank Green Deposit 2222 Days FD: What Rs 7 lakh and Rs 15 lakh investments will give to general and senior citizens; know here
Highest Senior Citizen FD rates: See what major banks like SBI, PNB, Canara Bank, HDFC Bank, BoB and ICICI Bank are providing on special fixed deposits
08:38 AM IST