Top Stock Picks With Anil Singhvi: Vikas Sethi recommends Sudarshan Chemicals, EID Parry for massive gains
Top Stock Picks With Anil Singhvi: In the extremely volatile August series, Zee Business Managing Editor Anil Singhvi has been batting for stock specific trade strategy so that investors can minimise risk and maximise gains.
Top Stock Picks With Anil Singhvi: In the extremely volatile August series, Zee Business Managing Editor Anil Singhvi has been batting for stock specific trade strategy so that investors can minimise risk and maximise gains. In this regard, the Market Guru spoke to Vikas Sethi, Managing Director at Sethi Finmart and asked about his top stock picks and the market expert responded with Sudarshan Chemicals and EID Parry shares to buy.
See Zee Business Live TV streaming below:
Speaking on the Sudarshan Chemicals shares Vikas Sethi said, "Sudarshan Chemicals is a pigment manufacturing company and it has 30 per cent of Indian markets. It has presence in overseas like Australia and North America. If we look at the financials of the company, its Return on Equity (ROE) at 24 per cent, Return on Capital (ROC) is at near 20 per cent while its last 5 year CAGR profit is also to the tune of 20 per cent. One can buy Sudarshan Chemicals shares at current levels of Rs 420 per stock levels. In next 9-12 months, it is expected to hit around Rs 500 per share levels."
Watch full coverage in video below:
— Zee Business (@ZeeBusiness) August 3, 2020
On his positional pick for the stock market traders and investors, Sethi said, "My positional pick today is EID Parry. The company is in sugar business and recently sugar companies have given robust results. EID Parry's Q1 results are coming on 5th August and it's expected to give strong numbers. If we look at the financials of the company, the company has 60 per cent shares in the Coromandal International that is worth Rs 13,500 crore. Company's market capital is Rs 500 crore and its share price is available at deep discount. So, one can buy the counter at Rs 303 per share mark for the target of Rs 350 per shares. But, one must maintain the stop loss at Rs 285."
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.