Mid-cap Stock Picks With Anil Singhvi: Buy IRCTC, Trident and Speciality Restaurants shares for good returns
Mid-cap Stock Pick With Anil Singhvi: The Market Guru today asked Ambareesh Baliga - an independent market expert to share his mid-cap picks.
Mid-cap Stock Pick With Anil Singhvi: Ever since Coronavirus unlock began and the stock market started showcasing signs of recovery after the heavy selloff from April to May 2020, Zee Business Managing Editor Anil Singhvi has been busy unveiling stocks that will help investors maximise returns. The new year has started and with the Budget looming ahead, the Market Guru today asked Ambareesh Baliga - an independent market expert to share his mid-cap picks. The stock market analyst replied with IRCTC, Trident and Speciality Restaurants as stocks to buy for good returns.
Speaking on the IRCTC shares, Ambareesh Baliga told Anil Singhvi, "IRCTC is a railway PSU, which has no near rival in its online railway ticket-booking business as around 73 per cent of the online railway ticket booking post COVID-19 lockdown has happened through IRCTC website only. Valuations of IRCTC stock is also attractive and post-lockdown, its business growth is visible and will peak as the unlock process is fast catching. The Return on Capital or ROE of IRCTC is 40 per cent which is also a good allure for stock market investor to buy IRCTC share. I recommend investors to buy IRCTC shares at current Rs 1457 per stock levels for the target of Rs 1850 in next 9-12 months."
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Asked about the position pick or mid-term pick, the independent stock analyst replied, "My positional pick today is Speciality Restaurants shares. As the name suggests, the company deals in the restaurant business and its business is peaking post-COVID unlock and its December quarter result will be weak but its results in next two quarters would be strong and I expect its shares to hit Rs 68 per stock level in next six months from its current levels of Rs 47.40.
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शॉर्ट टर्म, पोजीशनल और लॉन्ग टर्म में दमदार मुनाफे के लिए मार्केट एनालिस्ट अंबरीश बलिगा की 3 बेहतरीन MIDCAP PICKS#SPLMidcapStocks #ZBizBazaar #MidcapStocks @AnilSinghvi_ @ambareeshbaliga pic.twitter.com/9jXV4eXZor
— Zee Business (@ZeeBusiness) January 15, 2021
When Anil Singhvi asked Baleega's short-term pick, the market expert said that his short-term pick is Trident which was trading at Rs 14.75 levels at that time. He said that the company's growth is at whopping 48 per cent while its export business has grown around 68 per cent in the last quarter that augurs well about the business prospect of the company.
On his suggestion to the stock market investors in regard to Trident shares, Baleega replied, "Buy Trident share at current market price of Rs 14.75 for the target of Rs 18 maintaining stop loss at Rs 13.50."
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