Mid-cap Picks with Anil Singhvi: Buy Esab India, Nesco and Finolex Cables, says Vikas Sethi
In a conversation with Zee Business Managing Editor Anil Singhvi, market expert Vikas Sethi on Friday suggested his top three mid-cap stock picks for investors.
In a conversation with Zee Business Managing Editor Anil Singhvi, market expert Vikas Sethi on Friday suggested his top three mid-cap stock picks for investors. He recommended Esab India, Nesco and Finolex Cables on which investors can hope to get good returns. These stocks were recommended with long term, positional medium term and short term views. Know why this analyst thinks these stocks hold promise!
Long-term pick: Esab India
Talking about this stock, Vikas Sethi said the company is a world leader in the business of welding automation and robotics. Apart from this company also makes PPE kits and accessories that are in demand today like helmet, gloves, clothing and eye protector. It also provides gas equipment and digital solutions. It also caters to high growth industries and is strong company with good fundamentals and zero debt. He suggested to buy this stock around Rs 1320 for the target of Rs 16,00 in one year.
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#SPLMidcapStocks | शॉर्ट टर्म, पोजीशनल और लॉन्ग टर्म में किन मिडकैप शेयरों में बनेगा पैसा? विकास सेठी से जानिए उनकी 3 दमदार मिडकैप PICK#ZBizBazaar #MidcapStocks @AnilSinghvi_ @vikassethi_SF pic.twitter.com/hOXbs0CnQr
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Positional mid-cap stock: Nesco
His second pick was a real estate company. Talking about fundamentals, Sethi said Nesco is a debt free company despite belonging to real estate sector, has operating profit margin of 69% and ROE of 17%. At 68%, promoters also hold significant holdings of the company, the market analyst said. He asked it to buy Nesco for a target of Rs 575 in 10 to 15 days as FIIs and DIIs also have interest in the company. He asked to maintain a stop-loss of Rs 490. The stock was trading around Rs 519 on Monday.
Short-term Pick: Finolex Cables
Picking this stock, the market analyst said all cable manufacturing companies are performing well and posting good result in anticipation of 5G rollout. This segment is also getting benefit from restriction on Chinese cables, he said. Sethi said it’s a fundamentally strong company with zero debt and gave a target of Rs 310 for very short term. He put a stop-loss of Rs 270. The stock was trading around Rs 283 during today’s trading session.
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