Mid-Cap Picks with Anil Singhvi: Solar Industries, Equitas Holdings and CG Power are top recommendations today
In the Special Mid-Cap Picks Stock show on Tuesday, market analyst Ashish Kukreja spoke to Zee Business Managing Editor Anil Singhvi and recommended three shares for good return.
In the 'Special Mid-Cap Picks Stock show' on Tuesday, market analyst Ashish Kukreja spoke to Zee Business Managing Editor Anil Singhvi and recommended three shares for good return.
Straightaway recommending his first stock pick, Kukreja said his long-term recommendation is Solar Industries Ltd. Talking about this scrip, market analyst said it is a leader in very unique explosives space.
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"It is big supplier of companies like Coal India and other key mining companies. It also contributes in infra projects. Besides, it has big presence in African countries and also caters to defence sector. This share should be bought from long-term objective of six to 12 months. Target for this scrip would be Rs 2,000," he said.
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Kukreja picked CG Power, 'a turnaround story', as his positional pick. "It is a very known company in power transmission and distribution. This company could also be beneficiary of infra boost and real estate. CG Power looks like a pure turnaround story with promoters increasing their stake in this company. CG Power scrip could show a target of Rs 90 to Rs 100 in 6 to nine months period."
Equitas Holdings was Ashish Kukreja's short term stock recommendation. Talking about this this company, he said it has posted a very strong result in the last quarter. When most of the banking stocks have become expensive, Equitas Holdings stock is still trading at discount appears attractive. One very important trigger for Equitas Holdings scrip could be of a reverse merger. If this plays out, Equitas Holdings stock could show the levels of Rs 120 to Rs 125 in a few weeks."
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