Top Stock Picks With Anil Singhvi: Stocks to buy for bumper returns fast? Check out these Vikas Sethi recommendations
Top Stocks to Buy: Great news! Anil Singhvi panel of experts has been kept busy by the Market Guru and stock recommendations have come fast and furious over the last few weeks. Those stock picks have been delivering bumper returns for investors. Take for instance Tech Mahindra stock, which has earned huge returns for its investors
Top Stocks to Buy: Great news! Anil Singhvi panel of experts has been kept busy by the Market Guru and stock recommendations have come fast and furious over the last few weeks. What is more, those stock picks have been delivering bumper returns for investors. Take for instance, market analyst Vikas Sethi’s earlier recommendation of Tech Mahindra stock, which has earned huge returns for its investors. Sethi recommended this stock at Rs 615 with a target price of Rs 640 in the near term. Tech Mahindra today closed around Rs 683. Nucleus Software, his stocks to buy recommendation today was up by 12 per cent during the intraday trade. Sethi is Managing Director (MD) at Sethi Finmart.
Going forward, Sethi said that Tech Mahindra investors should wait for a dip to make fresh buys.
In his chat with Zee Business Managing Editor Anil Singhvi, Sethi revealed two more stocks from cash markets today.
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Top Stocks To Buy: KEC International
The technical analyst picked KEC International – an RPG group company. It is an excellent company and is one of the leading companies in the EPC segment, he said. It is into the business of power transmission and distribution. The fundamentals are very strong. The target price of this stock is Rs 300 in near term. The stock is currently trading around Rs 282.
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Top Stocks To Buy: Zen Technologies
Another stock picked by Sethi today was from the defense sector. The name of the company is Zen Technologies and it provides training to the combat ready soldiers. The company recently started manufacturing ventilators. Fundamentals of this company are quite strong with return on equity at 30 per cent. It is an absolutely debt free company. The operating profit margins are in access of 40 per cent, he said. The promoter holding is around 60 per cent with no pledged shares.
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The Domestic Institutional Investors (DII) hold around 9 per cent equity in the company. The stock is currently trading around Rs 59. The target price for this stock is Rs 65 in the very short term, he said.
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