Stocks to Buy with Anil Singhvi: IRCTC, Infosys, IndiaMart, Route Mobile are top buys today, says Siddharth Sedani
Digitalization is the new future as everything is going online now. Keeping the same in mind, market analyst Siddharth Sedani in a conversation with Zee Business Managing Editor Anil Singhvi has revealed his top picks today.
Digitalization is the new future as everything is going online now. Keeping the same in mind, market analyst Siddharth Sedani in a conversation with Zee Business Managing Editor Anil Singhvi has revealed his top picks today that can provide a great opportunity for investors to build a strong portfolio in the special #SIDKiSIP (Siddharth Investment Portfolio).
See Zee Business Live TV Streaming Below:
While speaking about the theme for the day, Sedani said that India is moving towards a new direction that is digital and hence the theme for today (Wednesday, April 28) is also digital India.
SID की SIP- Siddharth Investment Portfolio
डिजिटल इंडिया की इन कंपनियों में निवेश से मिलेंगे बेहतरीन रिटर्न
थीम के हिसाब से किस शेयर में करें कितना एलोकेशन?
— Zee Business (@ZeeBusiness) April 28, 2021
He said that we all know about UPI transactions in digital India but the outbreak of Coronavirus Pandemic has also pushed small and medium businesses or SMEs towards digitalization. This step has brought them great benefits, he said.
The analyst further added that one thing which is very important to note is in the year 2020, India has made the highest real-time online payments in the world with USD 25 billion or around 2 lakh crore and has even left China behind.
He said that digital payment is expected to grow by 27 percent CAGR in the coming five years which can give strong growth.
Under this theme of digital India, here are the four company stocks suggested by the market analyst:
IRCTC: Making his first recommendation Sedani said that the company provides a platform for railway e-ticketing which generates most of its revenues. The target price in this stock is Rs 2150 and allocation should be 20 percent.
Infosys: The company is a leader in creating digital platforms. The target price in this stock is Rs 1510. The analyst has advised allocating 30 percent.
IndiaMart: Giving a target price of Rs 9200 and allocation of 30 percent Sedani said that IndiaMart is a B2B platform and is very strong.
Route Mobile: The company is a cloud communications platform. He informed that the OTP which a person receives during an online transaction is provided by Route Mobile. The target will be Rs 1800 and the allocation can be made for 20 percent.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.