Big B Stock By Anil Singhvi: Buy this retail stock below Rs 350 - Check targets

Big B Stock By Anil Singhvi, ABFRL Share Price Target: On Amitabh Bachchan's birthday, Zee Business Managing Editor Anil Singhvi has brought 'Big B Stock' for investors. Under this, he has picked ABFRL or Aditya Birla Fashion and Retail Ltd.

The market guru said that investors should buy the shares of Aditya Birla Fashion and Retail Ltd with a perspective of 1-3 years.

Big B Stock By Anil Singhvi, ABFRL Share Price Target: According to Anil Singhvi, investors should buy the stock for targets of Rs 400, Rs 475 and Rs 575.

Big B Stock By Anil Singhvi, ABFRL Share Price Target: "Investors should do SIP in this stock at every 10% dip. Also, they should invest in it with a view of 1-3 years," Singhvi said.

Big B Stock By Anil Singhvi, ABFRL Share Price Target: The counter opened in red at Rs 339.30 on the BSE against the previous close of Rs 337.30. Last seen, the counter was trading at Rs 341.25.

Big B Stock By Anil Singhvi, ABFRL Share Price Target: The counter has given a positive return of around 53.33 per cent in one year. On a YTD basis, it has gained 51 per cent.

Big B Stock By Anil Singhvi, ABFRL Share Price Target: Singhvi said that it is a leading company in branded apparel and has a very strong brand portfolio. The company has expanded its stores and now they are set for growth and profitability.

Big B Stock By Anil Singhvi, ABFRL Share Price Target: "The revenue of the company is growing at a rate of 40 per cent in the last three years. So there is no problem at the topline, the problem is at the bottom level.

Big B Stock By Anil Singhvi, ABFRL Share Price Target: "The company will turn into profit as finance costs and depreciation will decrease. Also, the vertical demerger of Madura Fashion and Lifestyle business will unlock value," he added.