Mid-cap Picks with Anil Singhvi: IEX, Crompton Greaves and Endurance Tech are stocks to buy today
Zee Business Managing Editor Anil Singhvi, in the popular Special Mid-Cap Stocks show, guides investors in making a wise choice while picking stocks and in this exercise a special panel of experts is at hand to provide the logic behind the move
Zee Business Managing Editor Anil Singhvi, in the popular Special Mid-Cap Stocks show, guides investors in making a wise choice while picking stocks and in this exercise a special panel of experts is at hand to provide the logic behind the move. In the show’s latest episode, the Market Guru talked to market analyst Hemang Jani and took his short term, positional mid cap and long-term recommendations. Find his picks below:
Hemang Jani first pick of the day was IEX. Explaining why he picked this stock in long-term category, Jani said this sector offers huge opportunities as there is great deal of reform is being done in the energy sector. This will directly help city-based gas distribution companies and piped gas companies, he said. Jani said given the expected growth in the power Industry in future and company’s plan to come up with new products, IEX appears very interesting play in one to two years. He said immediate target for this stock would be Rs 245 and compounded growth of 18 to 20 % could be expected from this counter in one to two years. The stock was trading around Rs 216 during the day.
Find detail coverage in the video below:
#SPLMidcapStocks | शॉर्ट टर्म, पोजीशनल और लॉन्ग टर्म में दमदार रिटर्न के लिए हेमांग जानी के बताए इन 3 बेहतरीन मिडकैप स्टॉक्स में करें निवेश#ZBizBazaar #Midcap #MidcapStocks @AnilSinghvi_ @hemangjani9 pic.twitter.com/XRbrQmGltR
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Mid-cap: Crompton Greaves Consumer
Market analyst recommended Crompton Greaves Consumer as his positional pick. He said electrical consumer durables are witnessing very good growth and Crompton is a very strong brand in its segment. Strongly recommending Crompton Greaves, Jani said the company saw a block deal recently and the trigger about dilution of shareholding pattern of promoters is also over with this deal. He said target for his stock would be Rs 360 and could be bought at current CMP.
Short-term: Endurance Tech
Picking an auto-ancillary company as his short-term pick, Jani said it is a very high-quality company. He said product of this company is used in two-wheelers, cars and passengers' vehicles and the company also has exposure in European market. Recent growth in auto sector and revival in European auto market are also likely to help this stock to a great extent. The company's plan to rollout additional products also indicates its possible good upside is due round the corner. Target for this company would be Rs 1375 top Rs 1380, around 20% upside, added the market analyst. The stock was trading around Rs 1140 during the day.
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