Mid Cap Picks With Anil Singhvi: Analyst Vikas Sethi picks GNFC, IEX, Welspun as top buys
Sethi recommended GNFC (Gujarat Narmada Valley Fertilizers and Chemicals Ltd) calling it an excellent stock. He said that its main product is TDI or toluene di-isocyanate, where this company has a virtual monopoly with 50 per cent market share in India, the analyst said
Stocks To Buy: In today's edition of popular TV show ‘Special Mid cap stocks’ with Anil Singhvi, market analyst Vikas Sethi today recommended three stocks with long term, positional medium term and short term view. Know which stocks he recommended for bumper returns!
Top Stocks To Buy: GNFC
Sethi recommended GNFC (Gujarat Narmada Valley Fertilizers and Chemicals Ltd) calling it an excellent stock. He said that its main product is TDI or toluene di-isocyanate, where this company has a virtual monopoly with 50 per cent market share in India, the analyst said. The prices in TDI have appreciated by over 50 per cent in some time which will benefit the company. Its other products are also doing well.
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This stock is currently trading around Rs 230. The monsoon has been good with recovery in rural parts. Their FMCG segment is also doing good. The balance sheet is also strong with negligible debt. The company gives a dividend of Rs 5 in a year. It also has a good return ratio.
He said that this stock should be bought with a long term view. He puts the target price at Rs 300 and the view on this stock is for 9-12 months.
Top Stocks To Buy: IEX
Another stock recommended by him with a positional medium term view is Indian Energy Exchange (IEX). This stock is currently trading around Rs 206. This is a top exchange for electricity trading. This exchange has a market share of 95 per cent in the country so it is a virtual monopoly, he said. There is tremendous opportunity in this stock, he said.
Dalmia Bharat which holds 10 per cent stake in the exchange through its power company has purchased over 7 million shares at Rs 206. It also has a strong pool of institutional investors. It also has a strong balance sheet with operating profits in excess of 80 per cent. He said that this is a zero-debt company. He puts the target price at Rs 235.
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Top Stocks To Buy: Welspun India
Sethi recommended Welspun India with a short term view. The stock is currently trading around Rs 61. He said that this segment has been doing well. The company has been seeing a good demand in the light of ongoing tensions between US and China. This is one of the leading companies in home textile segment. He said that he was bullish on this stock.
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