Buy Havells: Ashish Kapur
The immediate one year target is Rs 990. Over the years power consumption is going to be a real story and within power consumption this is a very clean play.
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| ET Now spoke to Ashish Kapur, CEO, Invest Shoppe India Ltd., on his stock picks in this market.
What are your picks in this market, what are you recommending to clients?
In the midcap space we continue to favour Havells. I think the kind of growth in power consumption which we will be able to see in the next couple of years, the immediate one year target is Rs 990 which also is about almost 25% from the current levels. But if you can hold the stock over the year I think this is clear even from these levels this is a great buy because I think over the years power consumption is going to be a real story playing out and within power consumption this is a very clean play.
Also, the kind of expansion and the acquisition of Sylvania, which they have done and turned it around is pretty exciting at these levels. So these are the kind of stocks which we are recommending.
What are your picks in this market, what are you recommending to clients?
In the midcap space we continue to favour Havells. I think the kind of growth in power consumption which we will be able to see in the next couple of years, the immediate one year target is Rs 990 which also is about almost 25% from the current levels. But if you can hold the stock over the year I think this is clear even from these levels this is a great buy because I think over the years power consumption is going to be a real story playing out and within power consumption this is a very clean play.
Also, the kind of expansion and the acquisition of Sylvania, which they have done and turned it around is pretty exciting at these levels. So these are the kind of stocks which we are recommending.
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