SID KE SIP on Ganesh Chaturthi: On the occasion of Ganesh Chaturthi, market expert Siddharth suggested investing in companies that have strong growth prospects and can yield bumper returns. In a special edition ‘SID KE SIP’ aired on Zee Business with Managing Editor and Market Guru Anil Singhvi on Tuesday, Siddharth said that he has brought 4 stocks for investors for the ‘shubharambh’ (beginning) of their investment journey.
The 4 stocks, he said, are fundamentally strong and have the potential to deliver good returns. Interestingly, the names of all 4 companies start from the alphabet A.
Axis Bank is the third largest private bank in India. He said that the company is good for investment purposes as its growth prospects are good.
Target Price: Rs 860
Return: 18% (1 year)
Ashok Leyland is a leading commercial vehicle manufacturer in India. He said that the company’s revenue growth is good. The company has also secured an order for 600 EV buses and also 15-20% overall growth in the truck industry is expected in the coming year.
Target Price: Rs 202
Return: 36% (1 year)
Asian Paints has 70,000 dealers in the country, he said, and estimated around 37% growth in volume.
Target Price: Rs 3570
Return: 7% (1 year)
Astral Limited is the leading manufacturer of plumbing and drainage systems. The company can double investors’ revenue in the coming 5 years.
Target Price: Rs 2605
Return: 26% (1 year)