Mid-cap Picks With Anil Singhvi: Mahindra Holidays, Finolex Industries, KSB Pumps are Analyst Ambareesh Baliga's top picks today

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In today’s segment of Special Mid-cap Picks show with Zee Business Managing Editor Anil Singhvi, market analyst Ambareesh Baliga revealed 3 stocks which he said have the potential to give high returns to the investors. He picked stocks with long term, positional medium term and short term perspective. These are Mahindra Holidays, Finolex Industries, KSB Pumps.

Top Stocks To Buy – Mahindra Holidays    

Baliga picked Mahindra Holidays as his long term buy. This stock was previously recommended by him around October 2020 at levels around Rs 163. Mahindra Holidays stock has travelled some distance and is now trading around Rs 235. He said that the travellers are coming back. He expects a summer rush which will also be backed by the vaccination drive which will only increase. 

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Even during the Covid times, the revenue streams continued for Mahindra Holidays, he said. In December, the occupancy for Mahindra Holidays was around 85 per cent, which he said was very good. He said that the business model of Mahindra Holidays is unique, and it makes resorts with the money taken upfront from the customers. 

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He has increased Mahindra Holidays target price form Rs 280 earlier to Rs 350 now.       

Top Stocks To Buy – Finolex Industries   

He picked Finolex Industries as a positional medium term stock. The company is a leader in pipes and pipe fittings. He said that the Q3 results of Finolex Industries were very good. Revenues grew up by 53 per cent. The net profit also doubled, he further said. 

Finolex Industries stock is currently trading at Rs 682. He said that the foreseeable future looks quite strong for this company. The target price is Rs 850, he said  

Finolex Industries management issues have been resolved, he averred.     

Top Stocks To Buy – KSB Pumps   

Another stock recommended by Baliga was KSB Pumps. This stock was recommended with a short term view. It has 7 manufacturing plants with 800 dealers. KSB Pumps is likely to benefit from Make in India theme. The expected EPS for calendar year 2021 are Rs 40 while Rs 46 for calendar year 2022. He said that KSB Pumps target price is Rs 740.