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Muhrat Pick Samvat 2078 – Anil Singhvi picks SBI, Delta Corp as top Diwali picks for high gains
On this auspicious occasion of Diwali, Zee Business Managing Editor Anil Singhvi recommended stocks for high gains. His first pick was State Bank of India (SBI) while the other was Delta Corp
On this auspicious occasion of Diwali, Zee Business Managing Editor Anil Singhvi recommended stocks for high gains. His first pick was State Bank of India (SBI) while the other was Delta Corp. Know why he picked these two stocks?
The Market Guru is bullish on SBI shares. He said that the state-run lender posted strong September quarter results on Wednesday. He said that it is trading at a very attractive valuation in comparison to its private peers and NBFC.
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He recommends a buy on SBI shares for two reasons – one is the relatively cheaper valuations and the second is economic recovery.
He gives three targets at Rs 650, Rs 700 and Rs 850.
The bank is poised well for big gains especially after a management commentary with relation to value unlocking of its number of subsidiaries. He said that it is a strong candidate for rerating.
He expected SBI Mutual fund to get listed sooner or later as mutual funds are getting listed. We could also see listing of SBI Capital Market. Even its Yono app is also a strong product and if demerged and listed could give very high results.
Another stock picked by him was Delta Corp. He said that he has been bullish on this stock from levels of Rs 175. He said that this quarter could be its best in the history of this company. It has an enviable clientele. The business model is excellent, he added. The company is into gaming and casino business.
It is poised for an upside, he further said. It can be bought with short term, medium term and long term view. The target price is Rs 325 and Rs 350. The long term target price is Rs 400.
Both the stocks have been recommended by the Managing Editor on previous occasions.
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