Hot stocks! In chat with Anil Singhvi, analyst Vikas Sethi recommends Star Cement, Hind Rectifiers as top shares for bumper gains
Market Analyst Vikas Sethi picked two stocks today and both were cash stocks recommended with a short term view in the popular TV show ‘Sadabahaar Sethi Saab’ with Zee Business Managing Editor Anil Singhvi. Know which stocks he recommended in today’s edition of popular show:-
Top Stocks To Buy: Star Cement
Analyst Vikas Sethi’s first stock was from the cement sector. He picks Star Cement, a stock he has recommended on previous occasions. This company is based in the north-east and operates from Meghalaya - a place which is rich for limestone. The fundamentals of this company are quite strong. It not only caters to the demand in the seven sister states in the northeast but also to Bihar and West Bengal.
See Zee Business Live TV Streaming Below:
It is a zero-debt company with a profit CAGR of 16 per cent over the last five years. He expects Q4 results to be strong.
It was trading at Rs 106 at the time of recommendation. He puts the target price at Rs 115 while the stop loss at Rs 99.
Watch Zee Business Tweet Video Below:
— Zee Business (@ZeeBusiness) May 18, 2021
Top Stocks To Buy: Hind Rectifiers
Another stock picked by him was from the cash markets. This stock is Hind Rectifiers which is into the business of manufacturing power semiconductors, power electronic equipment and railway traction equipment. The fundamentals are quite strong with return on equity at 19 per cent and return on capital employed at 29 per cent. The profits have grown at a CAGR of 37 per cent over the last 5 years, he said.
This stock was trading around Rs 148 at the time of recommendation. He puts the target pric at Rs 160. He puts the stop loss at Rs 135.
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.