While analyst Siddharth Sedani’s previous mid cap stock recommendations have been on the spot, the latest to join the bandwagon are Bombay Burmah Trading Corporation and PI Industries, both achieving their targets. In continuation, he gave three more mid cap stock picks with great potential to earn bumper returns for the investors. See what he recommended today to Zee Business Managing Editor Anil Singhvi as his long term, positional medium term and short term picks.
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#SPLMidcapStocks | शॉर्ट टर्म, पोजीशनल और लॉन्ग टर्म में शानदार रिटर्न के लिए सिद्धार्थ सेडानी के 3 बेहतरीन मिडकैप PICK#ZBizBazaar #Midcap #MidcapStocks @AnilSinghvi_ @s_sedani05 pic.twitter.com/bEHyYhInUN
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Top Stocks To Buy: Birla Corporation
Sedani said that he would recommend Birla Corporation, a company which has business interests in the cement sector. This company has business operations in east and central parts of India. He lists three reasons why the stock will do well going forward. First is that its volume growth may go up by over 9.5 per cent in FY21; second is the operating profit which is likely to improve gradually and third is profitability may also go up from here. The shares should be bought for a target price of Rs 830. The stock is currently trading around Rs 615.
Top Stocks To Buy: Blue Star
The technical analyst picked Blue Star as his positional medium term stock. This stock is from consumption space and has the potential to become a star performer, he said. He puts the target price at Rs 625. This company is in air conditioners and project business. It has a market share of 12.5 per cent. The profits are likely to grow significantly in the next two years. He also said that he expected that the return on capital employed would also grow from 13 per cent now to 24 per cent.
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Top Stocks To Buy: Mastek Limited
As for short term pick, Sedani chose Mastek Limited. The debts are coming down for this company and there are good chances of quick debt repayment. The company is also diversifying and is not limited to a few clients. This stock should accumulated for a short term target price of Rs 780. This stock is currently trading around Rs 704.