Mid-cap Picks with Anil Singhvi: In post-Covid world, which sectors will gain? Ashish Kukreja reveals his top 3 stocks to buy
As the economy is opening up and industrial activity is slowly getting back on track, the logistics sector is likely to come into focus once again, market expert Ashish Kukreja tells Zee Business Managing Editor Anil Singhvi
As the economy is opening up and industrial activity is slowly getting back on track, the logistics sector is likely to come into focus once again, market expert Ashish Kukreja tells Zee Business Managing Editor Anil Singhvi. While being bullish on the mid cap stocks, he picks a stock from this sector which he said will go a long way and give bumper returns. He also names one stock each from telecom and chemical sector as his top positional medium term and short term picks.
Kukreja said that his top recommendation will be Mahindra Logistics with a long term view. The company has diversified itself from being an automobile company to becoming a warehousing and technology company.
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Mahindra Logistics is into the business of managing the entire value chain of businesses. But the performance of this stock depends on the economy. It is expected that the economy will get better from here. This stock will lead the economy. The analyst recommends a long term view of 1 year on the stock. It is currently trading around Rs 279. He expects the stock to reach levels between Rs 400-Rs 450.
His other top recommendation is Bharti Airtel with a positional medium term view. The company has already raised money and is in a position to meet exigencies in future, he said. There are positive implications on the stock on the tariff front. There is also a comfort in terms of valuation in this stock. The stock has a potential to reach Rs 750 with a six month view.
The stock is currently trading around Rs 570.
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Kukreja recommends Meghmani Organics, which makes high performance pigment and is a stalwart in the industry in this segment with a global market share of 14 per cent. They are also aggressively venturing into the pesticides business. The demands in these segments may get strong from here, he said. The company has also been putting good results from last many quarters, he added. He puts the target price at Rs 65 in the short term. The stocks can be bought at the current level of Rs 53.
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