Stocks to buy: Market expert Siddharth Sedani on Wednesday suggested Zee Business viewers investing in companies that prioritise capacity expansion for high returns. In a special episode of “Sid Ki Sip” that aired on Zee Business with Managing Editor Anil Singhvi, Siddharth stated that as the holiday season has started and people are in the mood to travel, he has chosen stocks with the theme of “Backpack.”
He highlighted the subject by citing a 40% increase in leisure destination travel and a 26% increase in travel to tier 2 to tier 3 cities. Due to the numerous celebrations that will soon take place, the advance purchase of airline tickets has increased by 118%, boosting the revenue of numerous online travels booking websites like Make My Trip, Ease My Trip and many more. Hotel stays have increased by 200 per cent as a result of increased intercity travel.
Siddharth Sedani SIP Stocks
Easy Trip Planners- Ease My Trip
Target- Rs 525
Stop Loss- Rs 300
Returns (1 Year)- 31%
Allocation- 25%
Mahindra Holidays
Target- Rs 305
Stop Loss- Rs 269
Returns (1 Year)- 7%
Allocation- 25%
Lemon Tree Hotels
Target- Rs 110
Returns (1 Year)- 28%
Allocation- 25%
United Spirits
Target- Rs 900
Returns (1 Year)- 8%
Allocation- 25%
By far, the performance of these shares has been encouraging and the similar pattern is anticipated to continue, he said.
SID की SIP: ‘ट्रैवल थीम’ क्यों चुनी?
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— Zee Business (@ZeeBusiness) October 19, 2022
