Mid-cap Picks with Anil Singhvi: Federal Mogul, Natco Pharma and CESC are top stocks to buy, says analyst Vikas Sethi
Mid-cap Picks with Anil Singhvi: Market expert Vikas Sethi in today’s Special Mid-cap Picks show has recommended three stocks with long term, positional medium term and short term views. He picked stocks from the hotel sector, cement sector and sugar sector. Sethi revealed to Zee Business Managing Editor Anil Singhvi reasons why he has picked them as stocks to buy today
Mid-cap Picks with Anil Singhvi: Market expert Vikas Sethi in today’s Special Mid-cap Picks show has recommended three stocks with long term, positional medium term and short term views. He picked stocks from the hotel sector, cement sector and sugar sector. Sethi revealed to Zee Business Managing Editor Anil Singhvi reasons why he has picked them as stocks to buy today.
Long Term Pick: Federal Mogul
Federal Mogul is an MNC company. The stock looks extremely good for the long term from here on. The stock is extremely undervalued at current levels. The parent is a German player which is a leading company in the world in this space. They make the widest range of piston rings and pistons varying from 30mm to 300mm diameter. The hangover of the OFS is over now and the stock will move up swiftly from here on. Promoter will be reducing stake from 95% to 75% as per SEBI requirements. The fundamentals on the stock are extremely good. Q3 FY21 results stood at Rs 36 cr vs Rs 9 cr last year. It is a Zero debt company. The target price on the stock is Rs 400.
See Zee Business Live TV Streaming Below:
Positional Term Pick: Natco Pharma
Sethi said that apart from Pharma, this company is in the business of Crop Care and Agro Chemical. This company is a leader in the oncology (cancer) segment. They have 33 products in the oncology segment. The company has asked for approval of one drug which is similar to a vaccine used for Cocid-19. If at all the company gets the required approval then the stock can make a good move from here on. Fundamentals of the company are extremely good. The operating profit margin of the company is 30% and it is a zero debt company. The target on the stock is 960, stop-loss of Rs 895.
कमाई के लिए शानदार मिडकैप स्टॉक्स
— Zee Business (@ZeeBusiness) May 3, 2021
Short Term pick: CESC
This is a Calcutta based power generating company. The fundamentals of the company are extremely good. Valuations of the company are extremely good and the stock is trading at a P/E multiple of 6. Operating profit margin is 20% and Return on equity is 14%. Debt equity ratio of the company is reasonable. The CAGR of last 3 year profitability is 26%, Q3 FY21 performance of the company was extremely strong. Profit stood at Rs 316 cr vs Rs 249 cr last year. They gave a dividend of Rs 45 in January. The short term target on the stock is Rs 650 with stop-loss of Rs 605.
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.