Top Stock Picks With Anil Singhvi: Vikas Sethi reveals 2 fabulous shares to buy - Hindustan Zinc, Nelco
Anil Singhvi has been suggesting traders and investors to go stock specific instead of index specific and his panel of experts has been recommending shares that can give massive returns over the short-term too.
After a successive 5-session rally, Indian stock markets took a pause today and ended in the red. This had become evident as the intraday range had got shortened in the last two trade sessions. In these uncertain and very tough times, Zee Business Managing Editor Anil Singhvi has been suggesting traders and investors to go stock specific instead of index specific and his panel of experts has been recommending shares that can give massive returns over the short-term too. Vikas Sethi, MD at Sethi Finmart, revealed his stock picks for today - Hindustan Zinc and Nelco.
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Speaking on Hindustan Zinc shares, Vikas Sethi said, "I am bullish about the Hindustan Zinc shares because of the continuous rally in silver price. Today silver price has crossed 60,000 per kg mark and Hindustan Zinc deals in silver manufacturing. In fact, it manufactures around 25 per cent of the net silver manufactured in the world. So, this silver price rally is expected to push Hindustan Zinc shares also. Apart from this, company's dividend yield is also promising at 8.5 per cent. I recommend this stock to buy for the target of Rs 210 maintaining the stop loss at Rs 189."
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On his second share to buy, Sethi said, "My second stock to buy is Nelco. It's a defense sector company that provides satellite powered ATM maintenance facility with commendable return ratio with debt free balance sheet. I would recommend this share to buy at current levels for the target of Rs 225 per stock levels." However, Sethi suggested to maintain strict stop loss at Rs 203 per share mark.
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