Stock market expert Siddharth Sedani on Thursday said that there is definitely a great interest in mid-cap stocks these days, and the market situation is also good. He also added, “Zee Business is the icing on the cake”. Siddharth suggested Tata Consumer Products Ltd (NSE: TATACONSUM) stock for long-term with a target price of Rs 450.
Explaining the rationale behind picking Tata Consumer Products, Sedani said, “Big consumer brands of Tata are with this. Earlier known as Tata Global, it has many brands like Tetley, Tata Coffee and Starbucks. And, I think consumption is going to see a gradual jump even in urban areas.”
Summarising the suggestions given by Sedani , Anil Singhvi said, “Buy Tata Consumer Products stock with a target price of Rs 450. It’s an excellent stock to buy.”
Moreover, picking positional stock, Siddharth Sedani suggested UPL Limited. “Must not miss UPL, it’s an excellent company…must buy UPL with a target price of Rs 540.”
Sedani, explaining the reason behind picking UPL, said, “Monsoon is good. MSP has been increased and PM Garib Kalyan Yojana has been extended. Hence, investors can buy UPL stock with a target price of Rs 540.”
Summarising the suggestions given by Sedani on UPL, Anil Singhvi said, “UPL will undertake a journey from Rs 440 (current price) to Rs 540 (target price).”
#SPLMidcapStocks | जानिए शॉर्ट टर्म, पोजीशनल और लॉन्ग टर्म में शानदार रिटर्न के लिए मार्कट एक्सपर्ट सिद्धार्थ सेडानी ने सुझाए 3 बेहतरीन मिडकैप स्टॉक्स?#ZBizBazaar #Midcap #MidcapStocks @AnilSinghvi_ @s_sedani05 pic.twitter.com/5LcCWuXI4l
— Zee Business (@ZeeBusiness) July 2, 2020
Further, Sedani suggested PNC Infra stock as his short term pick. Sedani suggested that investors should buy PNC Infra share for the short term with a target price of Rs 200. Its current share price is Rs 146.
Zee Business has started #SPLMidcapStocks campaign where Managing Editor Anil Singhvi calls on market analysts to come live on the show and provide their top stock picks that can generate bumper returns for investors.