In chat with Anil Singhvi, analyst Vikas Sethi recommends Newgen Software, Ramco Cements stocks as top buys for big gains
Analyst Vikas Sethi’s first stock was from the IT sector. He picked Newgen Software a relatively small IT company. This is a mid cap It company with a market cap of Rs 2400 cr. It provides service in digital automation and transformation to mainly the BFSIs. The fundamentals are quite strong with attractive valuations he said
Newgen Software stock was trading around Rs 355 at the time of recommendation. It is available at a PE multiple of 20 while its peers at 30. He puts the target price at Rs 360 while the stop loss at Rs 335