Mid-cap Picks with Anil Singhvi: Analyst Ambareesh Baliga picks Cochin Shipyard, Akzo Nobel, NBCC today for high returns
Ambareesh Baliga picked Cochin Shipyard as his long term buy. This stock was previously recommended by him around December 2020 and he has now increased the target price. Indias largest commercial ship builder has very good earning visibility beyond FY21. The orderbook is strong worth Rs 14,000 cr which is nearly five times annual ship building revenue, this analyst said
In yet another segment of Special mid-cap stocks with Zee Business Managing Editor Anil Singhvi, market analyst Ambareesh Baliga revealed 3 stocks which he said have the potential to give high returns to the investors. He picked stocks with long term, positional medium term and short term perspective. Know which stocks he picked and why?
Top Stocks To Buy – Cochin Shipyard
Baliga picked Cochin Shipyard as his long term buy. This stock was previously recommended by him around December 2020 and he has now increased the target price of this stock. It is India’s largest commercial ship builder. The earning visibility of this company is very good beyond FY21. The orderbook is strong worth Rs 14,000 cr which is nearly five times annual ship building revenue, this analyst said. The pipeline is another Rs 10,000-Rs 15,000 cr, he further said.
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This stock is currently trading around Rs 372 which is at a PE multiple of 9. The dividend yield at 5 per cent is very good, he said. He puts the target price at Rs 520 and has a 12-month view on this stock.
Top Stocks To Buy – Akzo Nobel
He picked Akzo Nobel as a positional medium term stock. It has presence in decorative pains segment with a popular product called Dulux. It has 5 manufacturing units with two R&D centres. The spending on interiors and sales of homes is on the rise. This is expected to help the company. The last quarter results were good.
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This stock is currently trading around Rs 2174. He puts the target price at Rs 2800.
Top Stocks To Buy – NBCC
Another stock recommended by Baliga was NBCC. He said that housing demand is back. The performance of NBCC has improved over the last quarter. The revenues were up by 52 per cent quarter-on-quarter (QoQ).
This stock is currently trading around Rs 38. In the short term, the stock price of NBCC could go up to Rs 44, he said. The long term target of Rs 55 still remains, he said.
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