Mid-cap Stock Pick With Anil Singhvi: With global stock markets, including Dalal Street, witnessing a running correction, Zee Business Managing Editor Anil Singhvi has recommended a stock specific trade strategy to ensure money is made and not lost. The Market Guru has a panel of experts that provides stocks to buy tips on a regular basis. Today, Anil Singhvi asked Ashish Kukreja to give his mid-cap stock pick and he replied with V-Guard as a long-term buy.
Giving details about V-Guard as a company, Kukreja told Anil Singhvi, “V-Guard is a Chennai-based company, which is a market leader in inverter business. In the recent times, the company is trying to diversify its business by foraying into fans, lights and other electronic appliances business. The company is in expansion mode and it is fast emerging from a regional company to a pan India company.” Kukreja said that V-Guard is a debt-free company too.
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When Anil Singhvi asked about his suggestion to the stock market investors Ashish Kukreja said, “V-Guard is a mid-cap stock and one should buy it at current levels of Rs 170 per stock mark for the target of Rs 300. However, the time horizon for the target has to be one year.”
Kukreja said that currently V-Guard shares are available at an attractive price due to being undervalued and that means it is poised for a strong upside movement. However, he maintained that the upside move will be slow but steady and the investor must remain patient and focused on one’s target for the one-year time horizon.