Hot Stock Picks With Anil Singhvi: Buy JSPL, Albert David shares for whopping returns, says Vikas Sethi
Hot Stock Picks With Anil Singhvi: After NSE Nifty sustaining above 11,150 and Bank Nifty closing above 21,200, Zee Business Managing Editor Anil Singhvi has suggested traders and investors to change stance form negative to neutral.
Hot Stock Picks With Anil Singhvi: After NSE Nifty sustaining above 11,150 and Bank Nifty closing above 21,200, Zee Business Managing Editor Anil Singhvi has suggested traders and investors to change stance form negative to neutral. The Market Guru continued to bat strongly in favour of stock specific trade. In this regard, Anil Singhvi asked Vikas Sethi to share his top picks of the day and TradeSwift expert replied with Albert David shares in cash segment and JSPL Future in Future & Options (F&O) segment.
On his stock pick in the cash segment, Vikas Sethi told Anil Singhvi, "My stock pick in the cash segment is Albert David stock. The company is a Kolkata-based pharma company, which is a zero-debt company. Last year the company has given dividend yield of Rs 7 per share and its Return on Capital (ROC) is 12.6 per cent. Last three years profit growth in terms of CAGR is 19 per cent and promoters hold 60 per cent stake in the company. DIIs and FIIs together hold near 10 per stake in the company. Most importantly, it is available at an attractive market valuation."
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On his suggestion to the stock market investors in regard to Albert David stock, for short-term time-horizon, Vikas Sethi said, "I would suggest investors to buy Albert David shares at Rs 450 mark for the short-term target of Rs 480 levels."
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Asked about his F&O Pick of the day, the TradeSwift expert replied, "My F&O pick of the day is JSPL Future. One can buy it at 190 for the short-term target of Rs 200 maintaining the stop loss at Rs 185."
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