In conversation with Zee Business Managing Editor Anil Singhvi on the Special Midcap Stock Picks show, market expert Siddharth Sedani recommended three stocks to investors. Sedani picked PNC Infratech, Sudarshan Chemical, Indian Hotels for long, positional, and short-term views respectively. Here is why this expert picked these shares
Long Term Pick: PNC Infratech
An Infrastructure company, PNC Infra has well-diversified order book of around Rs 10000 crore, its shifting its business to non-road projects such as irrigation and water projects, says the market expert. Hailing PNC Infra as the fundamentally strong company, Sedani set a target of Rs 311 per share.
See Zee Business Live TV Streaming Below:
PNC Infra during Tuesdays trading surged one and a half per cent to end at Rs 244 per share.
Positional Pick: Sudarshan Chemical
This chemical company is a leader in pigment and coating with at least 20-25 products, says Sedani. The company has a capacity expansion of Rs 200 crore in FY22 and in the coming years, some products of this company will be most sought out, says the market analyst. Sedani gives a Buy call with a target of Rs 650 per share.
Zee Business (@ZeeBusiness) April 27, 2021
The shares of Sudarshan Chemical spurted by over 16 per cent today, to close at Rs 643 per share.
Short Term Pick: Indian Hotels
Indian Hotels is an arm of Taj Group. The company has lately come up with a strategy called RESET 2020, where R stands for Revenue growth, E for Excellence, S for Spend optimisation, E for Effective Asset Management and T for Thrift and Financial Prudence. This strategy would definitely help the company grow in short term, says Sedani. He sets a target of Rs 130 per equity share.