Top Stock Tips With Anil Singhvi: Vikas Sethi picks Cochin Shipyard, GNFC as best stocks to buy for short term gains
Zee Business Managing Editor Anil Singhvi has been devising innovative ways to reveal stocks that could earn bumper returns for investors.
Zee Business Managing Editor Anil Singhvi has been devising innovative ways to reveal stocks that could earn bumper returns for investors. In line with this, the Market Guru has started an interesting show called ‘Sadabahaar Sethi Sahib’ picks in which market analyst Vikas Sethi recommends his top buys on a daily basis.
Today, Sethi, who is Managing Director (MD) at Sethi Finmart, recommended two more stocks from the cash markets. Know here what Sethi said on the potential that the two stocks have to deliver big gains.
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Top Stocks To Buy: Cochin Shipyard:
The technical analyst picked Cochin Shipyard as his short term buy. The company is into the business of ship building. It has recently got an order from Norway. The company has a strong order book worth Rs 14,630 cr. It also posted a strong results for the quarter ended 31 March 2020. The Profit After tax (PAT) was up by 44 per cent. The return ratios are good and also gave a dividend of Rs 16.60 last year that is around 5.5 per cent. The stock is currently trading around Rs 339. He recommends Buying on the stock at existing levels. The very short term target is Rs 375. The stop loss at Rs 325.
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Top Stocks To Buy: GNFC
Another stock picked by Sethi today was from the chemicals and fertiliser sector. He picked GNFC (Gujarat Narmada Valley Fertilisers & Chemicals) today for a short term Buy. The stock is currently trading around Rs 164. This is an excellent stock. The company also has a very popular brand in the name of ‘Narmada’. The stock is available at multiple of 5. The debt is almost negligible. He expects the stock to do well due to the heightened government focus on agriculture sector coupled with good monsoon this year. He recommends buying of this stock at current levels. The short term target price for this stock is Rs 180. He puts the stop loss at Rs 158.
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