SID Ki SIP: New Age Business stock picks by Siddharth Sedani - Affle India, Nazara Technologies, Zomato, Easy Trip Planners for high returns
Market Analyst Siddharth Sedani picked four companies for good returns that is Affle (India) Ltd, Nazara Technologies Ltd, Zomato Ltd and Easy Trip Planners Ltd.
In yet another episode of 'SID Ki SIP', market analyst Siddharth Sedani in chat with Zee Business Managing Editor Anil Singhvi picked a stock theme of 'New Age Business' for high returns.
Citing the reason behind the same Sedani said that New Age Business is linked to innovation and India is way ahead in innovations. He said that there are around 65 unicorns in the country out of which 28 have been established in the year 2021. Also, more than 40 crore Indians are in the age group of 18-35 years who are tech savvy and have spending power, he added.
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Sedani said that gaming, advertisement, travel are big opportunities and online business can be called new age business and Indian will soon defeat China in internet users.
Talking about the stocks he picked for good returns, Sedani said that he has picked 4 companies that is Affle (India) Ltd, Nazara Technologies Ltd, Zomato Ltd and Easy Trip Planners Ltd.
'New Age Business' को क्यों चुना सिद्धार्थ सेडानी ने आपके फायदे के लिए?
हाई रिटर्न देने की क्षमता रखते हैं ये शेयर...
जानने के लिए देखिए ये वीडियो#SIDKiSIP - Siddharth Investment Portfolio
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1. Affle (India) Ltd: The market analyst gave a target of Rs 6120 and has asked investors to make an allocation of 30 percent. He said that it is a company in digital advertisement space, have strong consumer platform, asset like model and have clients including MCDonald's, Amazon, Pizza Hut, PhonePe, among others.
2. Nazara Technologies Ltd: He gave a target of Rs 2560 and asked to make an allocation of 30 percent. It is a gaming sports media platform. The market analyst said that gaming in India can grow at CAGR 30 percent.
3. Zomato Ltd: Sedani gave a target of Rs 170 and suggested to make an allocation of 20 percent. He said that it is a leading food delivery platform h and has a business in dine out, food delivery, membership, etc. He further informed that Zomato is available in 525 States, 23 countries and have over 4 lakh restaurants and around 1 lakh 60 thousand delivery boys.
4. Easy Trip Planners Ltd: He advised to buy shares of this company and gave a target of Rs 720 and suggested to make an allocation of 20 percent. Sedani said that the company gives comprehensive travel related products and have around 60,000 travel agents. It is a debt free company and have good tie-ups.
(Disclaimer: The views/suggestions/advices expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)
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