In the popular Special Mid-Cap Stocks show, Zee Business Managing Editor Anil Singhvi spoke to market expert Ashish Kukreja on Tuesday and sought his to know his stock picks for today that would generate good returns for investors. Kukreja recommended three stocks in long term, positional and short-term stock categories. Here are Ashish Kukreja’s picks.
Long-term pick: Shiva Cement
Talking about Shiva Cement, Kukreja said this is a subsidiary company of JSW group and offers huge value at this rate. Calling it a hidden gem, the analyst said Shiva Cement could be a very big turn-around story. Every parameter that is used to evaluate a cement stock, Shiva Cement fits in well and is available at very good value considering all those factors. JSW could have a very big plan for this company as it had put forth a strong Rs 1500 crore expansion plan and that could benefit Shiva Cement. “ I have a very aggressive target for this counter but I believe it will at least double from current levels and could show a level of Rs 45 to Rs 50. Shiva Cement could be a turnaround story as JSW might get a more aggressive as this cycle has become very favourable.”
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#SPLMidcapStocks | शॉर्ट टर्म, पोजीशनल और लॉन्ग टर्म में दमदार रिटर्न के लिए आशीष कुकरेजा ने आज इन 3 बेहतरीन मिडकैप स्टॉक्स को चुना#ZBizBazaar #Midcap #MidcapStocks @AnilSinghvi_ @Ashishmuse pic.twitter.com/8avoKrpgPm
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Positional stock: Garwale Polyester Ltd
Picking this scrip, the market analyst said it is also a very good story that is playing out. It takes a leadership position in polyester films. “In days to come, I believe domestic demand will sharply increase. Garwale Polyester is also expanding its capacity vey strategically against global giants like Lommer and 3M. There is good chance that manufacturing will improve and strong story like Garwale Polyester Ltd is likely to benefit from it the maximum. This stock could show a level of Rs 530 in 3 to 6 months,” he said. Garwale Polyester stock was trading around Rs 433.
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Short-term pick: Shipping Corporation of India (SCI)
Picking Shipping Corporation of India (SCI), Kukreja said it is among quality PSU companies and valuation wise there is good comfort in this space. Disinvestment and new management will play key roles in its surge, he said. Talking about Shipping Corporation of India target, Kukreja said this stock could show a target of Rs 110 to Rs 120 in three to six months.