Top Stock Picks With Anil Singhvi: Buy Tinplate, ICICI Lombard shares for massive returns, says Vikas Sethi
Top Stock Picks With Anil Singhvi: After the sharp recovery in stock market on Friday, Zee Business Managing Editor Anil Singhvi has said that one must still wait for the NSE Nifty and Bank Nifty to regain 11,150 and 21,200 levels.
Top Stock Picks With Anil Singhvi: After the sharp recovery in stock market on Friday, Zee Business Managing Editor Anil Singhvi has said that one must still wait for the NSE Nifty and Bank Nifty to regain 11,150 and 21,200 levels as this will then really be considered a positive market trend. The Market Guru advised both investors and traders to continue with a stock-specific strategy till the two indices achieve these levels respectively. In this regard, Singhvi asked his expert panel member Vikas Sethi to share his top stock pick and the TradeSwift expert replied with Tinplate and ICICI Lombard.
Speaking on prospects of Tinplate shares, Vikas Sethi told Anil Singhvi, "Tinplate is a Tata Group company and it has strong fundamentals. It's a zero-debt company and it has attractive valuation as well. Recently it has made corrections as well that makes the downside risk very low for the Tinplate share investors."
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On his suggestion to the stock market investors in regard to the Tinplate share price, Sethi said, "My suggestion is to buy Tinplate shares at Rs 125 per stock levels for the immediate target of Rs 135. One can hold Tinplate shares for the target of Rs 140 as well."
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On his second pick of the day, the TradeSwift expert said, "My next pick of the day is ICICI Lombard, which is an insurance company with a strong backing of ICICI Bank. One can buy ICICI Lombard shares at Rs 1270 per stock levels for the target of Rs 1320 maintaining the stop loss at Rs 1250 mark."
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