Siddharth Sedani: BUY Tata Consumer Products and Indian Hotels
Market expert Siddharth Sedani from Anand Rathi has suggested two long term BUY Calls for investors. Indian markets have been trading firm over the last two months. There has been volatility due to global factors but the local economy is showing signs of strength. As businesses have recovered from COVID-19 setback, the quarterly performance has been as per investor expectations.
Sedani has suggested long term BUY Call for FMCG major Tata Consumer Products at current price for target price of Rs 904 with holding period of 12 months. Tata Consumer has an extensive range for products and the consumption story still holds strong for Indian market. Tata Consumer is rightly placed and the company has strong reach in regional markets.
Tata Consumer Products has launched many new products and spices under Tata Sampan brand and results should be strong over the next few quarters.
Sedani has suggested BUY Call for Indian Hotels at current levels for target price of Rs 320. Holding period for this call is 12 months. Hotel stocks suffered during COVID-19 pandemic but now the travel sector is witnessing strong demand. Indian Hotels has strong position in the market and the company reported strong quarterly numbers. We can expect Indian Hotels to offer decent returns over long term.
Investors should conduct due-diligence before investing money. Stock market investments should be evaluated at regular intervals, especially if macro factors change or the company takes a major corporate action that could result in massive difference in financial performance.