📷 Image Credits: Zee Business
Market guru Anil Singhvi, the Managing Editor of Zee Business, has shared his thoughts on some of his favorite stocks amidst domestic equity benchmarks Sensex and Nifty50 reaching fresh lifetime highs. Singhvi suggests going long on HUDCO shares to take advantage of the ‘Housing for All’ theme on Dalal Street.
Singhvi is particularly bullish on HUDCO, a housing and infrastructure project finance company headquartered in the national capital. He recommends buying HUDCO shares for targets as high as Rs 375, Rs 450, and Rs 600, indicating a potential upside of almost 99 percent. The market wizard encourages investors to use every 10 percent fall as an opportunity to go long on HUDCO shares through the SIP route.
Singhvi believes that HUDCO is well-positioned to double its loan book over the next four years, making it an attractive investment option for those looking for long-term gains. As a PSU under the Ministry of Housing and Urban Affairs (MoHUA), HUDCO plays a significant role in addressing the housing needs of Economically Weaker Sections (EWS) and Low-Income Groups (LIG) in the country.
In addition to HUDCO, Singhvi has also discussed various mutual fund options in a recent episode of Zee Business’ programme ‘Naye Funds Ka Funda.’ He highlighted four funds across different categories, including sectoral, index, and multi-asset funds, catering to both new-age and seasoned investors looking to capitalize on the current market trends.
For those interested in exploring investment opportunities in the stock market, following recommendations from seasoned market experts like Anil Singhvi could provide valuable insights and potential strategies for long-term wealth creation. By staying informed about the latest market trends and expert recommendations, investors can make well-informed decisions to achieve their financial goals.