Mid-cap Picks with Anil Singhvi: Balmer Lawrie, VTS Industries, India Cements are stocks to buy for good returns
In a conversation with Zee Business Managing Editor Anil Singhvi, market expert Sandeep Jain on Tuesday recommended his top three mid-cap stock picks for investors.
In a conversation with Zee Business Managing Editor Anil Singhvi, market expert Sandeep Jain on Tuesday recommended his top three mid-cap stock picks for investors. These stocks were recommended with long term, positional medium term and short term views. Know why this analyst thinks these stocks hold promise of generating outstanding returns for investors.
Long term: Balmer Lawrie
Sandeep Jain was very bullish on this stock. Picking Balmer Lawrie stock for long term, he counted all the positives inherent in the company. Jain said the stock has strong fundamentals, it has record of paying good average dividends (7%) to its investors, has good business model and a strong pedigree. This stock is trading cheap only because it’s a PSU company, however, there is an optimism something big like buyback or similar is going to happen soon in the company. The stock was trading around Rs 106 during the day. Jain said the stock is available at a very attractive valuation and could be bought with a target of Rs 125, which the stock could achieve in a few months only.
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#SPLMidcapStocks | शॉर्ट टर्म, पोजीशनल और लॉन्ग टर्म में किन मिडकैप शेयरों में बनेगा पैसा? संदीप जैन से जानिए उनकी 3 दमदार मिडकैप PICK#ZBizBazaar #MidcapStocks @AnilSinghvi_ @SandeepKrJainTS pic.twitter.com/7aVX9dlPMP
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Medium Term Positional: VST Industries
Strongly recommending VTS Industries, the market analyst said it is a quality company with a strong track record of good results. The company also has not performed from the last few month and has good potential to rally upwards, said Jain. He said the company, which has ROC 57.9%, dividend yield 3 %, available on PE multiples of 17% and astonishing profit margin of 24.5% is destined to perform. VTS Industries was trading around RS 3450 during in the afternoon trading session. Saying the company has a good June and December quarters, he recommended to buy this stock at current market price for a target of Rs 3730 –3790 in few months.
Shor-term Pick: India Cements
Picking India Cements, Jain said the stock has value and has started to increase its capacity utilization. Calling it one of the largest players in its segment in South, he said it’s a 15.5 billion tone capacity company and at present the kind of positives around the cement industry is there, it's a must buy for short term. Market analyst recommended to the stock with a target of Rs 135. The stock was trading around Rs 121 during the day.
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