Singhvi suggests buying PSU Stock Container Corporation of India (NSE: Concor) for 12-18 months.
Singhvi has given the target of Rs 1,375, Rs 1,650, and Rs 1,875. He suggests doing SIP for every seven per cent fall and keep the stock for atleast three years in your portfolio.
On Tuesday (July 16), Concor shares closed at Rs 1,047.4 each. This means the stock has an upside of up to 79 per cent from its last closing price.
Market wizard Anil Singhvi says it is a perfect budget pick due to strategic logistics play. This is almost a monopoly share in India.
Concor, a company which is engaged in transportation and handling of containers, has provided over 10 per cent returns in three months. The company's shares have jumped more than 22 per cent on a YTD basis.
The views/suggestions/advice expressed here in this article are solely by the brokerage firm. Zee Business suggests its readers consult their investment advisers before making any financial decision.