Stocks to buy for 2025: Anil Singhvi bets on 2 largecaps and 1 midcap stock for up to 48% potential gains

As we are set to bid adieu to the calendar year 2024 that has offered decent positive return to D-Street investors, Zee Business Managing Editor Anil Singhvi has come up with three stock recommendations for the new year across sectors.

Stock picks for 2025

HPCL: Buy for a target of Rs 600

At first the market wizard likes the downstream oil player- Hindustan Petroleum Corporation Limited (HPCL). The expert giving out his rationale for the 'buy' recommendation said that the OMC's marketing margin is at life high. Also, as under the Trump's regime, the boom in crude oil prices is expected to end -the margins at the company are seen to remain strong.

Also, the company's huge capex plan to the tune of Rs 75,000 crore over the next five years are expected to bode well for the company.

"The projects aim to expand the presence in existing and emerging business areas while ensuring energy access, affordability, and sustainability,"  said  Pushp Kumar Joshi, Chairman and Managing Director at the company's annual general meeting

Furthermore, the stock is trading at a decent level after correcting nearly 11 per cent from the record high of Rs 457.2 reached on September 5, 2024.

For HPCL, the targets set by the expert are Rs 475, Rs 525 and Rs 600- implying healthy gains of up to 48 per cent from the last close of Rs 406.45 per share.

Additionally, the market wizard advises to make a SIP investment in the stock after every 10 per cent fall.

Interglobe Aviation: Buy for a target of Rs 6,500

The market guru is bullish on the air carrier Interglobe Aviation for a target of Rs 6,500. The initial targets set for the scrip are Rs 5,300 and Rs 5,800. The bull-case target implies an upside of over 41 per cent from the previous close.

Singhvi said that the domestic air carrier has been able to maintain its market share of over 60 per cent. Also, he added that strong leadership of the company aids in expansion, rendering it difficult for competitors to increase capacity.

Also, the company plans to increase international capacity by 30 per cent and has already forayed into the premium segments like business class.

Furthermore, margins at the company are likely to get support from fall in crude oil prices.

Singhvi advised doing a SIP in the stock on every 10 per cent fall.

Asian Paints: Buy for a target of Rs 3,300

Singhvi bets on this paints stock for the initial targets of Rs 2,600, Rs 2,750 and Rs 3,000, while the bull-case target is pegged at Rs 3,300, implying potential gains of over 44 per cent.

The analyst said that the stock has been an underperformer for the last several years. And after the correction is available at an attractive pricing.

Also, amid soft crude prices, it will be very easy for the market leader in the paints industry to achieve a margin of between 18- 20 per cent.

Additionally, Singhvi is of the view that the company will also draw benefit of price hike by as much as 1.5 per cent together with new premium product launches.

Furthermore, the demand enviroment is likely to improve for the product both at the rural and urban level.