Anil Singhvi suggests buying this PSU stock for up to 79% returns; check target

Zee Biz web team

ZeeBiz Desk

Jul 17,2024

Market wizard and Zee Business' managing editor Anil Singhvi has suggested buying a PSU stock from a long-term perspective.

Anil Singhvi Budget 2024 Pick

Singhvi suggests buying PSU Stock Container Corporation of India (NSE: Concor) for 12-18 months.

Concor share price target

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.

Expected returns on Concor

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.

Why Anil Singhvi is bullish on Concor stock

Market wizard Anil Singhvi says it is a perfect budget pick due to strategic logistics play. This is almost a monopoly share in India.

There will be a focus on Gati Shakti Yojana in the budget and it will benefit from the new terminal, and dedicated freight corridor.

Concor share price performance

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.

Disclaimer

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.