Anil Singhvi shares investment ideas to create wealth in long term; here's how these stocks have performed in the past
Zee Business Managing Editor Anil Singhvi shares a list of five stocks to buy to create wealth in the long term. These stocks — handpicked by the market wizard — are for those looking to boost the value of their portfolio in the long run.
Zee Business Managing Editor Anil Singhvi shares a list of five stocks to buy to create wealth in the long term. These stocks — handpicked by the market wizard — are for those looking to boost the value of their portfolio in the long run. On his long-term fundamental 'buy' list are HDFC Bank (HDFCBANK), Tata Motors (TATAMOTORS), DLF, Larsen & Toubro (LT) and United Spirits (UNITDSPR).
Some of these stocks have rewarded investors with returns to the tune of 65-77 per cent in the past years, and counting.
Here's a quick look at how market wizard Anil Singhvi's long-term wealth creation picks have performed in the past, why he likes these stocks, and his target price and stop loss levels:
HDFC Bank
HDFC Bank share price: Anil Singhvi shares wealth creation picks for long term, HDFC Bank on his 'buy' list
Zee Business Managing Editor Anil Singhvi recommends buying HDFC Bank shares for the long term, as he expects the stock to benefit from its merger with Housing Development Finance Corporation (HDFC).
Singhvi has set targets as high as Rs 1,850, Rs 2,200 and Rs 2,500 apiece for HDFC Bank shares.
HDFC Bank has a chance to enter the top 10 financial institutions around the globe after the HDFC merger, he points outs. He also highlights HDFC Bank's strong asset quality and reasonable valuation.
Image: Reuters
HDFC Bank
HDFC Bank share price: As of March 31, HDFC Bank shares have rewarded investors with a return to the tune of 67 per cent in the past five years, taking into account a stock split that the banking behemoth undertook in 2019 (as visible in the graph).
In the past six months alone, since October 2022, the HDFC Bank stock has appreciated by 11 per cent.
Tata Motors
Tata Motors share price: Anil Singhvi shares his long-term wealth creation picks, Tata Motors on his 'buy' list
Tata Motors (TATAMOTORS) shares have risen 7.5 per cent in the first three months of 2023, and grown a modest 16.5 per cent in five years as of March 31.
DLF
DLF share price: DLF among Anil Singhvi's long-term wealth creation picks
DLF shares have given a return of 77 per cent in five years, as of March 31, 2023.
Image: Reuters
DLF
DLF share price: Here's how the property developer's stock has moved during this period.
United Spirits (UNITDSPR)
United Spirits (UNITDSPR) share price: Anil Singhvi shares his long-term wealth creation picks, United Spirits (UNITDSPR) on his 'buy' list
The spirits maker's shares have grown by about one-fifth of their value in five years.
Larsen and Toubro
Larsen and Toubro share price: LT shares among Anil Singhvi's long-term wealth creation recommendations
Larsen & Toubro (LT) shares have risen a modest four per cent in the first quarter of 2023.
However, the stock of the construction major has added 65.5 per cent to its value in five years, as of March 31, 2023.
Image: Reuters
LT
LT share price: Here's how Larsen & Toubro shares have moved during this period.