In chat with Anil Singhvi, analyst Vikas Sethi recommends ITC, JSW Steel as top buys for big gains
Analyst Vikas Sethis first stock was a company from the FMCG segment. This company is ITC. He said that the demerger of its business as reported by Zee Business is on the cards. This stock has no risk and should be kept with long term perspective. He said that the fundamentals of ITC are rock solid. Sethi said adding that they are available at a very reasonable valuation in comparison to its peers
NSE Nifty today ended the day in the red closing down by over 1 per cent at 14,577. In today’s edition of popular TV show ‘Sadabahaar Sethi Saab’ with Zee Business Managing Editor and Market Guru Anil Singhvi, analyst Vikas Sethi picked two more stocks for high returns, he advised to keep a long position on these stocks. He said having a short position on this stock will be risky. He picked both the stocks from the futures and options (F and O) segment.
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Top Stocks To Buy: ITC
Analyst Vikas Sethi’s first stock was a company from the FMCG segment. This company is ITC. He said that the demerger of its business as reported by Zee Business is on the cards. This stock has no risk and should be kept with long term perspective. He said that the fundamentals of ITC are "rock solid". Sethi said adding that they are available at a very reasonable valuation in comparison to its peers.
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The March Futures are trading around Rs 214. Even with a short term perspective, this stock is poised to achieve Rs 225 levels. He puts the stop loss at Rs 210.
Top Stocks To Buy: JSW Steel
Another stock picked by him was JSW Steel. This stock should be bought at current levels. This stock was recommended by Sethi in the morning before the markets opened. The JSW Steel stock achieved the target price of Rs 432 on the intraday basis and then corrected. The JSW Steel stock futures were trading around Rs 426 at the time of the recommendations.
The short term targets in this stock is Rs 435 and the stop loss is Rs 418.
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