As the government focus increases in the agriculture sector, which mid-cap companies can benefit? Which Fast Moving Consumer Goods (FMCG) stock will give you bumper returns? How about a mid-cap stock in the hospitality sector? If these questions are on your mind, our market expert Sandeep Jain has the answers. He speaks to Zee Business Managing Editor Anil Singhvi and reveals his stock picks with short, positional medium and long term view.
In his chat with the Market Guru, Jain picks EIH Limited with a short term view. The stock is currently available at low valuations. In the near term, the stock has the potential to give between 10-15 per cent returns, he said. The company operates in the hospitality sector and is part of the Oberoi Group.
The technical analyst said that EIH has a good potential and may benefit because of the easing of lockdown. The stock is currently trading around Rs 69. The company management is quite an esteemed one and the group has an enviable chain of hotels, he said. The target price of this stock is Rs 75.
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The positional medium term pick for this analyst is PGHL (Procter and Gamble Health). He said that this stock is a pick of many analysts and he himself has been recommending this stock from a very low level. This is an excellent company with very strong fundamentals, he said. The return on capital of this stock is around 78 per cent. PGHL is a much consolidated stock even on the charts. He recommends a strong Buy on the stock with an immediate target price of Rs 4450. If accumulated with along term view, this stock may reach around Rs 5000. The stock is currently trading around Rs 4239.
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#SPLMidcapStocks | शॉर्ट टर्म, पोजीशनल और लॉन्ग टर्म में निवेश के लिए मार्केट एक्सपर्ट संदीप जैन ने आज सुझाए मजबूत फंडामेंटल वाले ये 3 बेहतरीन मिडकैप स्टॉक्स#ZBizBazaar #Midcap #MidcapStocks @AnilSinghvi_ @SandeepKrJainTS pic.twitter.com/XAQT2Hmm7K
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For a long term view, Jain picks a German multi-national company KSB Pump. The company has been giving a 15 per cent return. The company makes industrial pumps. The current focus on agriculture sector is likely to benefit the stock. The stock is currently trading around Rs 527 and should be bought at existing levels. The target price of this stock is around Rs 700, he said.