Stocks To Buy With Anil Singhvi: LG Bala, NALCO are top short-term picks for analyst Vikas Sethi
Zee Business Managing Editor Anil Singhvi on Monday talked to Market analyst Vikas Sethi and asked him about his short-term stock picks.
Zee Business Managing Editor Anil Singhvi on Monday talked to Market analyst Vikas Sethi and asked him about his short-term stock picks. Talking to the Market Guru, Sethi suggested three stocks that are expected to give good returns and that too in a short-term period.
While selecting LG Bala his first stock, Sethi said the auto company caters in two-wheeler segment and has companies like Bajaj Auto, TVS Motor and Eicher Motor as its clientele. He gave a small target of Rs 255 and put a stop-loss of RS 235 for this stock. “Fundamentals of this stock are very strong, it trades in multiple of Rs 11 and has also given a dividend of Rs 5 last year. The company also grew with the rate of more than 20% for three consecutive years before 2019. The stock of this company should be bought at CMP of Rs 242,” said Sethi, while backing his pick.
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For Future trade, the market analyst picked stock from metal sector—NALCO. While giving a target of Rs 32.50 in two to three days and suggesting to keep a stoploss of Rs 30.75, he asked to buy the stock at current market price of Rs 31.50.
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When the Market Guru asked Sethi about a potential pick—HUL Future, he said the stock is likely to perform in short term. He said the HUL’s results are awaited on Tuesday and it is anticipated that it will show a good result. As the stock is beaten down, it will soar to a level of Rs 2225 to RS 2250 in coming few days. HUL Future was trading around Rs 2177 in during the day.
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