Olympic Pick by Anil Singhvi: 2 stocks that can double your money in 1-3 years - Check targets
Olympic Pick by Anil Singhvi: Tokyo Games champion Neeraj Chopra on Thursday created history by becoming the first Indian track-and-field athlete to win two successive Olympic medals. Chopra has won a silver in men's javelin throw in the ongoing edition in Paris. Also, the hockey team delivered a much-anticipated bronze to enhance India's overall tally.
Olympic Pick by Anil Singhvi - LIC, Vodafone Idea
Olympic Pick by Anil Singhvi: Meanwhile, Zee Business Managing Editor Anil Singhvi has picked two stocks under 'Olympic Pick' that have the potential for good return in the next few years. The stocks picked by the market wizard are LIC and Vodafone Idea. Check his views and targets.
Olympic Pick by Anil Singhvi: LIC
Olympic Pick by Anil Singhvi: The first stock picked by Anil Singhvi is LIC. He said that the stock should be bought with a 1-3-year perspective.
Olympic Pick: LIC Share Price Target By Anil Singhvi
Olympic Pick by Anil Singhvi: The short-term target for LIC is Rs 1,250, the mid-term is Rs 1,500 and the long-term is Rs 1,800.
Olympic Pick by Anil Singhvi: Strong growth track record
Olympic Pick by Anil Singhvi: Market wizard Anil Singhvi said that LIC has a strong growth track record and its valuation is attractive. It will benefit from the bull run of the stock market.
Olympic Pick by Anil Singhvi: SIP in every 5% fall
Olympic Pick by Anil Singhvi: After the Government of India, if anyone has benefited from the boom in the market, it is LIC. In the coming time, the company can also give dividends to the shareholders. There is hope for inclusion in the index in future. IPO investors must keep it in their portfolios. They do not need to sell it. Do SIP on every 5 per cent fall.
Olympic Pick by Anil Singhvi: Vodafone Idea
Olympic Pick by Anil Singhvi: The second stock picked by him is Vodafone Idea. He said that the stock should be bought with a 1-3-year perspective.
Olympic Pick: Vodafone Idea Share Price Target By Anil Singhvi
Olympic Pick by Anil Singhvi: The short-term target for Vodafone Idea is Rs 19. The med-term target is Rs 22 and Rs 25. However, the long-term target is Rs 30. The stock has the potential to almost double from the current level.
Olympic Pick by Anil Singhvi: Debt is decreasing rapidly
Olympic Pick by Anil Singhvi: Singhvi said that the company's operating profit is expected to be positive this quarter. The company's debt is decreasing rapidly. Vendors have converted their loans into equity. 32-33 per cent of the Government of India's loan has also been converted into equity.
Olympic Pick by Anil Singhvi: Good News Expected
Olympic Pick by Anil Singhvi: Good news is expected on AGR dues. An application has been filed in the Supreme Court for its reconsideration. If the 70 thousand crore AGR dues are reduced to 30 thousand crores, it can be a big relief.
Olympic Pick by Anil Singhvi: SIP on 10% dip
Olympic Pick by Anil Singhvi: Recently the company has increased the tariff. This will improve profits in the future. SIP has to be done in the stock on every 10 per cent dip. This is a portfolio stock. It has to be kept for 2-4 years for better performance.