Mid-Cap Stock Picks With Anil Singhvi: JK Lakshmi Cement, CDSL, Sonata Software are stocks to buy, says Siddharth Sedani
Indian stock market on Thursday closed negative, BSE Sensex was down 149 points (0.4%) to close at 40,558, NSE Nifty was down 41 points (0.35%).
Mid-Cap Stock Picks With Anil Singhvi: JK Lakshmi Cement, CDSL, Sonata Software are stocks to buy, says Siddharth Sedani
Your favourite business channel Zee Business always wants you, as an investor, to reap bumper returns from your smart investments in the stock markets, and that's why Zee Business Managing Editor and Market Guru Anil Singhvi suggests best stocks to buy through his panel of eminent market voices and share bazaar experts.
The stock market on Thursday closed negative, BSE Sensex was down 149 points (0.4%) to close at 40,558, NSE Nifty was down 41 points (0.35%) and ended the day at 11,896. Today, the Market Guru spoke to Siddharth Sedani, to know the latter's Short Term, Positional and Long Term mid cap stock picks having strong fundamentals for reaping excellent returns. And, here we list them all:
Stocks to Buy: Long term pick - JK Lakshmi Cement
Siddharth Sedani picks his Long term pick from mid cap cement space. Picking JK Lakshmi Cement he said the stock should be bought from a long term prospective for a target of Rs 370 for 9-12 months point of view. The result for selecting this stock is cost optimisation; raw material required for this company is petcoke whose prices have fallen. Valuation parameter metrics, EBITDA per ton may increase for this company not only this year but also next year. Also, the company is looking to pay off its debt as early as possible.
#SPLMidcapStocks | शॉर्ट टर्म, पोजीशनल और लॉन्ग टर्म में किन मिडकैप शेयरों में बनेगा पैसा? सिद्धार्थ सेडानी से जानिए उनकी 3 दमदार मिडकैप PICK#ZBizBazaar #MidcapStocks @AnilSinghvi_ @s_sedani05 pic.twitter.com/przYQ6Ide4
— Zee Business (@ZeeBusiness) October 22, 2020
Stocks to Buy: Positional mid cap stock - CDSL
Revealing his Positional mid cap stock pick, Siddharth Sedani said CDSL should be bought for a target of Rs 560 in 3 to 6 months from here. The company has 51% market share, it is the only company that is listed on the stock market and is largest in the Depositary space. In Past 6 month’s 60 new demat accounts have been opened because of which volumes of CDSL have improved by 8%. Margins have come in at 58% vs 38% (QoQ). CDSL is the number one company in depositary space and it is the only company in listed space.
See Zee Business Live TV Streaming Below:
Stocks to Buy: Short Term Mid Cap Stock Pick – Sonata Software
Explaining his Short Term Mid Cap Stock Pick, Siddharth Sedani said Sonata Software should be bought for Short term. This Software / Technology Company has done extremely well in Travel Business. People like to travel to new places for a holiday or vacation. Sonata software can surprise in the next 2 quarters in terms of travel expenses. Q2 results could also be extremely good and compared to its peer company Coforge (NIIT Tech), Sonata Software is available at much lower valuation. Target 410
(Authored by Rahul Kamdar)
06:06 PM IST