'World Champion Stock Pick': Market wizard Anil Singhvi suggests buying HUDCO shares; note down his long-term target
As domestic equity benchmarks Sensex and Nifty50 register fresh lifetime highs, market guru Anil Singhvi shares a few of his favourite stocks at the current juncture. The market wizard suggests going long on HUDCO shares to play the 'Housing for All' theme.
Zee Business Managing Editor Anil Singhvi is bullish on HUDCO, a stock he recommends buying for targets as high as Rs 375, Rs 450 and Rs 600, the highest of which implies an upside to the tune of 99 per cent. Here's how the market guru views HUDCO and a couple of other stocks at the current juncture on Dalal Street, where equity benchmarks Nifty50 and Sensex scaled fresh lifetime highs on Thursday, July 4.
Market wizard Anil Singhvi bullish on HUDCO
Market guru Anil Singhvi believes HUDCO is the best stock to play the "Housing for All" theme at the current juncture on Dalal Street.
HUDCO best stock to play Housing for All theme on Dalal Street: Anil Singhvi
The market wizard expects HUDCO's loan book to double over a period of four years.
Buy HUDCO stock for Rs 375, Rs 450, Rs 600 targets: Anil Singhvi
The market guru has placed his targets for the PSU stock at Rs 375, Rs 450 and Rs 600. While his lowest target itself implies an upside of more than 24 per cent, his highest target suggests an upside to the tune of almost 99 per cent from the previous close.
HUDCO, Anil Singhvi's 'Cricket World Champion' Stock Pick
The market wizard suggests investors use every 10 per cent fall to go long on HUDCO shares through the SIP route.
Know more about HUDCO, Anil Singhvi's 'Cricket World Champion' Stock Pick
What does HUDCO do? HUDCO is a housing and infrastructure project finance company headquartered in the national capital.
A PSU under the Ministry of Housing and Urban Affairs (MoHUA), HUDCO has been a key government partner in building assets for the nation.
In its operations, HUDCO lays a considerable emphasis on the housing need of the Economically Weaker Sections (EWS) and Low-Income Groups (LIG), according to its website.
Buy Bandhan Bank futures: Anil Singhvi
The market guru also suggests buying Bandhan Bank futures for targets of Rs 216, Rs 219 and Rs 222 with a stop loss at Rs 207 following a strong quarterly update by the lender.
Buy NMDC futures: Anil Singhvi
The market wizard suggests buying NMDC futures for targets of Rs 256, Rs 259 and Rs 263 with a
stop loss at Rs 249.
He is positive on metal, mining and iron ore-related stocks.