In chat with Anil Singhvi, analyst Vikas Sethi recommends Aster DM Health as top buy for big gains
Analyst Vikas Sethi’s recommended a stock from the cash market and this is from the healthcare sector. He picked Aster DM Health. This stock was trading around Rs 152 at the time of recommendation
Market Analyst Vikas Sethi picked one stocks for bumper returns. This stock is from the cash markets and has been recommended with a short term view in the popular TV show ‘Sadabahaar Sethi Saab’ with Zee Business Managing Editor Anil Singhvi. Know which stock he recommended in today’s edition and why?
Top Stocks To Buy: Aster DM Health
Analyst Vikas Sethi’s recommended a stock from the cash market and this is from the healthcare sector. He picked Aster DM Health. This stock was trading around Rs 152 at the time of recommendation.
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He said that stocks in this sector were doing well on Wednesday. This sector will benefit after the announcement made by the Reserve bank of India (RBI) Governor Shaktikanta Das where he has allocated Rs 50,000 cr for healthcare emergencies, Sethi said.
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The market cap of this company is around Rs 7,500 cr he said adding that it was not a small company. It has at around 26 hospitals in 7 countries, he said. It also has 115 clinics and 125 pharmacies. It has many hospitals in the middle east countries.
In India it has presence in Kerala, Tamil Nadu, Karnataka. The fundamentals of this company are very strong, he further said. The operating profit margins is around 10 per cent and the return on equity is also around 10-11 per cent.
It has seen a 47 per cent CAGR over the last 3 years. The promotes have a 38 per cent stake and nothing is pledged as of now, Sethi said.
Many top institutional investors have invested in this company including HDFC Mutual Fund, Tata Life Insurance Fund.
He said that this stock should be bought at the current levels. He puts the target price at Rs 165 on a short term basis. He puts the stop loss at Rs 145.
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