New Year Pick by Anil Singhvi: This smallcap stock can offer up to 75% return in long term - Check targets

New Year Pick by Anil Singhvi, Samvat 2081: The market veteran said that investors should buy this stock with a long-term perspective. Also, he stressed that investors should not buy this stock in haste.

New Year Pick by Anil Singhvi, Samvat 2081: The stock picked by Singhvi is IFFL Finance. He said that the ideal entry point for investors is something around Rs 400-405.

New Year Pick by Anil Singhvi, Samvat 2081: Investors should buy this smallcap stock for targets of Rs 575, Rs 700 and Rs 800.

New Year Pick by Anil Singhvi, Samvat 2081: The market veteran said that investors should do SIP in this stock at every 10 per cent dip.

New Year Pick by Anil Singhvi, Samvat 2081: Explaining why investors should buy this stock, Singhvi said that the company has strong financial performance and the company is expected to have a profit of around Rs 2,500 crore by March 2026.

New Year Pick by Anil Singhvi, Samvat 2081: Singhvi said that the company's valuations are quite attractive and the gross NPA (non-performing asset) is expected to go down by 2 per cent by the end of March 2025.

New Year Pick by Anil Singhvi, Samvat 2081: After RBI's ban, gold loan books declined by 35 per cent between April and June 2024. However, the ban has been lifted and Singhvi feels that the gold loan book will be back to the March 2024 levels in six months.

New Year Pick by Anil Singhvi, Samvat 2081: Singhvi said that the company has strong promoters and global brokerage firm Jeffries has raised the target to Rs 595.