In chat with Anil Singhvi, analyst Vikas Sethi recommends EID Parry, NMDC for bumper returns
Analyst Vikas Sethi’s first stock was from the cash markets. He was bullish on a sugar sector stock. He said that the focus should now be on this segment as the prices are seeing an uptrend globally. He said that this momentum is just the beginning. He picked EID Parry, a Murugappa Group company which makes sugar and nutraceuticals
Are you looking for a stock from the cash markets and Futures and Options (F and O) segment that would give you high returns? Market Analyst Vikas Sethi picked two stocks – one each from cash and F and O segment. These stocks were recommended to Zee Business Managing Editor Anil Singhvi with a short term view. Know which stock was this and why it is expected to give good returns.
Top Stocks To Buy: EID Parry
Analyst Vikas Sethi’s first stock was from the cash markets. He was bullish on a sugar sector stock. He said that the focus should now be on this segment as the prices are seeing an uptrend globally. He said that this momentum is just the beginning. He picked EID Parry, a Murugappa Group company which makes sugar and nutraceuticals.
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He said that the company has excellent fundamentals with strong return ratios. This stock was trading around Rs 330 at the time of recommendation. This stock is trading at a deep discount, he further said. He puts the target price at Rs 350 while the stop loss at Rs 325.
Top Stocks To Buy: NMDC
Another stock picked by him was NMDC. This was from the F and O space. Sethi remains bullish on the metal sector. The April Futures were trading at Rs 144 at the time of recommendation.
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This stock is placed well as the metal sectors are seeing a great movement, especially the steel sector.
He said that NMDC makes iron ore which is a raw material for steel. The fundamentals of NMDC are very strong, he further said. He said that he was also bullish on its March quarter results. The short term target of this stock is Rs 155. It has the potential to go up to Rs 175 by the time results are declared.
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