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Mid-cap Picks with Anil Singhvi: Coromandel International, Neogen and Sonata Software are stocks to buy, says Siddharth Sedani

Zee Business logo Zee Business 25-12-2020 zeebizindia@gmail.com (Zee Business)
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In today’s edition of Special Mid Cap Stocks with Anil Singhvi, analyst Siddharth Sedani picked three companies for bumper returns. These stocks recommended by him were with a long term, medium term and short term views. Know what he recommended today and why!  

Top Stocks To Buy: Coromandel International  

Sedani recommended a stock with an agriculture theme. This stock is Coromandel International – a Murugappa group company which has business interests in crop protection and fertilisers. The company has a strong R&D facility with new products being developed. Coromandel International has seen a 35 per cent growth in crop protection business this year and has been able to generate operational cash worth Rs 2000 cr in the first six months.   

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Coromandel International stock is currently trading around Rs 792 and should be purchased for a target price of Rs 1012.  

Top Stocks To Buy: Neogen Chemical  

The technical analyst picked a stock from the chemical sector. This company is Neogen Chemical. The company has a strong growth outlook, he said. Neogen Chemical is seeing organic and inorganic growth and has also been increasing capacity. 

Neogen Chemical stock is currently trading around Rs 765. He puts the target price at Rs 800. 

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Top Stocks To Buy: Sonata Software

As for short term pick, Sedani chose a company from the IT space. This stock is Sonata Software. This company is doing strong business in the travel vertical and has been seeing good growth. The situation for travel and tourism industry is getting better. Sonata Software margins will be sustainable, he further said.   

Sonata Software stock is currently trading around Rs 378. He puts the target price at Rs 410.   

 

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