Mid-Cap Picks With Anil Singhvi: Mahindra Logistics, Chembod Chemicals, Repco Home are stocks to buy for good returns
In a conversation with Zee Business Managing Editor Anil Singhvi, market expert Ashish Kukreja on Tuesday recommended his top three mid-cap stock picks for investors.
In a conversation with Zee Business Managing Editor Anil Singhvi, market expert Ashish Kukreja 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!
Long term pick: Mahindra Logistics
Ashish revealed his first pick as being Mahindra Logistics. The company is expanding its portfolio and could be a market leader in third party logistics. He said there is a concept that portfolio should be concentrated and Mahindra Logistics is the reply to that question. Backing this stock, the market analyst said the stock could be bought in good concentration and held with patience. He gave a target of Rs 500 for one year and said it even has the potential to double its price. Mahindra Logistics was trading around Rs 350 during the day.
Positional mid cap: Chembod Chemicals Ltd
Picking Chembod Chemicals Ltd in this category, Kukreja said it’s a no brainer pick. He said it’s a undervalued stock and valuation wise it’s very attractive. It also has strong ROE, good cashflow, strong company in the sector and can steadily go up, he said. Chembod Chemicals was trading around Rs 152. He said from the current level the stock could achieve the positional targets of Rs 225.
See detail coverage in the video below:
Short term pick: Repco Home
He picked his third stock from housing sector. He said the company has strong order-book and has a good recovery. The stock has good future as residential and housing sales are performing really well and it is also available at half the valuation of its peers. A new management in the company is also a good trigger for the stock and it has shown very optimistic approach recently, he said. He said it is undervalued stock in its category and can move Rs 50 to Rs 60 any time in short term. The stock was trading around Rs 203 during the day.
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