In chat with Anil Singhvi, analyst Vikas Sethi picks Jindal Saw, REC as top buys for big short term gains

Analyst Vikas Sethi recommended two stocks – one each from the cash markets and from the futures and options (F and O) markets in today’s edition of popular TV show ‘Sadabahaar Sethi Saab’, Market. Sethi’s recommendations to Zee Business Managing Editor Anil Singhvi was for buying and from the very short term perspective. Know which stocks are these and why this analyst picked them.   

He said there is a lot of action in the markets and everybody should participate in this market action.  

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Top Stocks To Buy: Jindal Saw          

Analyst Vikas Sethi’s first stock was Jindal Saw – a company which is a market leader in saw pipe manufacturing segment. The company not only has a manufacturing facility in India, but it also has units in USA, Europe and UAE. 

Jindal Saw stocks are currently trading around Rs 81. The company stock should be purchased at existing levels. Jindal Saw gives a dividend of Rs 2. The stock is trading at a book value of 0.4. The short term target price is Rs 95. He puts the stop loss at Rs 75.  

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सदाबहार सेठी सा'ब

शॉर्ट टर्म में अच्छे रिटर्न के लिए आज किन 2 शेयरों पर बुलिश हुए विकास सेठी?@AnilSinghvi_ @vikassethi_SF pic.twitter.com/lDaAVbDgX8

— Zee Business (@ZeeBusiness) February 25, 2021

Top Stocks To Buy: REC     

Another stock picked by him was from the power sector. He recommended REC (Rural Electrification Corporation Limited), a PSU stock in the Futures and Options (F and O) space. He said that this company is excellent and the stocks are available at reasonable valuations. REC March Futures are currently trading around Rs 14.  

REC gave a dividend of Rs 11 last year, Sethi said. He puts the stop loss at RS 138 while the target price at Rs 150.