Market Analyst Vikas Sethi picked two stocks today – and both were from the cash market. The stocks were 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.  

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Top Stocks To Buy: GSFC        

Analyst Vikas Sethi’s first stock was a company from the chemicals and fertilizer segment. This stock is GSFC (Gujarat State Fertilizers and Chemicals). Calling this an excellent company, Sethi said that it posted strong results in the December quarter. It declared a profit of Rs 97 cr as against Rs 56 cr in the corresponding period in FY20.

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The GSFC stock is very cheap in terms of valuations. The book value of the share is around Rs 170.

This stock was trading around Rs 112 at the time of recommendation. It should be purchased at current levels for a very short term target of Rs 125. He puts the stop loss at Rs 105.   

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Top Stocks To Buy: Techno Electric     

Another stock picked by him was also from the cash market. He picked Techno Electric, calling it an excellent stock. This stock was trading around Rs 308 at the time of recommendation. It is in the business of developing power infrastructure, EPC contracts, operations and maintenance contracts and smart metering solutions. The current orderbook is around Rs 2500 cr, Sethi said.

It is a zero-debt company with good return ratios, he said.

The very short term target price is Rs 325-Rs 330. He puts the stop loss at Rs 295.