Mid-cap Picks with Anil Singhvi: Sandeep Jain recommends Akzo Nobel, Tata Coffee, JK Paper for bumper returns; Know why!
Interior infrastructure companies are likely to gain traction going forward as the government’s focus on real estate sector is growing. It appears that the overall sector is now bottoming out, market analyst Sandeep Jain said in a chat with Zee Business Managing Editor Anil Singhvi
Interior infrastructure companies are likely to gain traction going forward as the government’s focus on real estate sector is growing. It appears that the overall sector is now bottoming out, market analyst Sandeep Jain said in a chat with Zee Business Managing Editor Anil Singhvi. Jain recommended three stocks today in a popular TV programme Special Mid Cap Stocks with Anil Singhvi. Know which stocks these are!
Top Stocks To Buy: Akzo Nobel
Jain said that his long term recommendation was Akzo Nobel – an MNC company whose stock has been giving consistent results to the investors. The Dutch company is the largest coating company in the world and has a long history in India. The company is strong on fundamentals with almost no downside risk. The return on capital is around 27 per cent with reasonable dividend.
Watch Zee Business Tweet Video Below:
#SPLMidcapStocks | शॉर्ट टर्म, पोजीशनल और लॉन्ग टर्म में दमदार रिटर्न के लिए संदीप जैन के बताए इन 3 बेहतरीन मिडकैप स्टॉक्स में करें निवेश#ZBizBazaar #Midcap #MidcapStocks @AnilSinghvi_ @SandeepKrJainTS pic.twitter.com/jbQb2s9QEm
— Zee Business (@ZeeBusiness) December 1, 2020
The stock is currently trading around Rs 2184. He puts the target price at around Rs 2600 with a 6-9 months.
Top Stocks To Buy: Tata Coffee
Another stock picked by him was Tata Coffee. The stock has a support around Rs 85-Rs 90 with a very low downward risk. This stock is currently trading around Rs 104. He said that the stock is not volatile.
The company has posted strong results and is among the very good companies in the beverage sector. He puts the target price between Rs 115 and Rs 120. For a slightly longer term the target price could be expected around Rs 130.
Top Stocks To Buy: JK Paper
Jain also picked a stock from the paper sector – one of the sectors he is bullish on. He recommended JK Paper stocks for buying calling it a biggest company in this sector. The risk-to-reward ratio is good.
See Zee Business Live TV Streaming Below:
The stock is currently trading around Rs 97. He puts the target price Rs between Rs 105 and Rs 109, while the stop loss at Rs 93.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.