In today’s Special Mid cap stock picks show, Analyst Siddharth Sedani chose three stocks – one each with a long term, positional medium term and short term view. Heaping praise on these stocks to Zee Business Managing Editor Anil Singhvi, Sedani said that first stock fulfils virtues of an ‘Aatmanirbhar Bharat’; second was from an emerging sector and third from a sunrise sector.
Top Stocks To Buy: Amber Enterprises India:
Sedani recommended Amber Enterprises India as his long term Buy calling it a stalwart in the import substitution space. The company has business interest in contract manufacturing of air conditioners. Currently, around 30 lakh ACs are imported and the consumption of ACs will reach up to 14-15 million, going forward. This company has a great chance to make merry from the opportunity, he said adding that the story for this company is one that will demonstrate the true picture of an ‘Aatmanirbhar Bharat’. This stock is currently trading around Rs 1829. He puts the target price at Rs 2050.
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#SPLMidcapStocks | शॉर्ट टर्म, पोजीशनल और लॉन्ग टर्म में किन मिडकैप शेयरों में बनेगा शानदार पैसा? सिद्धार्थ सेडानी से जानिए उनकी 3 दमदार मिडकैप PICK#ZBizBazaar #Midcap #MidcapStocks @AnilSinghvi_ @s_sedani05 pic.twitter.com/N2H5rumL5z
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Top Stocks To Buy: KEI Industries
The technical analyst picked KEI Industries as his positional medium term Buy. The quarterly results of this company were better than its peers, he said. This is a free cash flow generation company with strong balance sheet. It has the potential to show its might in the Fast Moving Electrical Good (FMEG) segment – an emerging sector, now. It is currently trading around Rs 395. KEI Industries should be bought with a target price of Rs 473.
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Top Stocks To Buy: Galaxy Surfactants
As for short term pick, Sedani picked a stock from specialty chemical manufacturing sector – a sector he referred to as a sunrise sector. He chose Galaxy Surfactants – a stock also picked by other analysts, previously on this show. The stock is currently trading around Rs 1890. He puts the target price at Rs 2000. This stock has seen an 8 per cent volume growth. The demand is expected to grow from here, he said.