In the popular Special Mid-Cap Stocks show, Zee Business Managing Editor Anil Singhvi spoke to market expert Sandeep Jain today and sought his stock picks that would generate good returns for investors. Sandeep Jain recommended three stocks in long term, positional and short-term stock categories. Here are Sandeep Jain’s picks.
Long-term pick: Bharat Rasayan
Picking this stock from Agro-chemical space, Jain said he had recommended Bharat Rasayan stock on other occasions too and this stock has consistently done well in the past. “It is a stock that I have recommended every time when there was a quarterly result or new development concerning it. Bharat Rasayan stock has corrected a little from upper level and trading at below 10,000 mark. It has also made a high of Rs 11,700. There is good risk-reward ratio in this counter. Bharat Rasayan is a debt free company with very good CAGR figures for three years and the stock is still available at attractive valuation. It should be bought at current levels for a target of Rs 11,400,” Jain Said.
Watch detail analysis in the video below:
#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/DO56alo8VD
— Zee Business (@ZeeBusiness) December 30, 2020
Positional pick: Swaraj Engine
Calling it a very good fundamental company, Jain said that he is very bullish on Swaraj Engine share as it is one of the best ideas as far as budget and agri themes are concerned. “Tractors outperformed during lockdown and emerged as one of the best segments. Swaraj Engine also gave altogether a different outlook to rural India during this phase. It is a debt free company with good fundamentals too and offers dividend too. Overall, Swaraj Engine is a good company and should be bought for a target of Rs 1570 to Rs 1630 at current levels and put a stoploss of Rs 1360,” he said.
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Short-term: Tourism Finance Corporation of India Ltd
Picking Tourism Finance Corporation stock, Jain said there are good and big changes in fundamentals of this company. IFCI sold big stake in this company in 2018 and later on some big names and companies also got associated with it. Tourism Finance Corporation has also started lending in different sectors such as healthcare, pharma, education and logistics. It has also been very instrumental in growth of ‘Palace on Wheels’ and financing of Mumbai-based Essel world. It also has financing in one-third of the total capacity of branded hotels. Tourism Finance Corporation is a hugely corrected stock and also offers good risk-reward ratio. Tourism Finance Corporation should be purchased with stoploss of Rs 43 for a target of Rs 55 to 57 in short term,” Jain added.