Are you looking for a stock from the Futures and Options (F and O) segment that would give you high returns? Market Analyst Vikas Sethi picked a stock from the NBFC sector which he has great potential. This stock was 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.  

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Sethi said that in his previous F and O recommendation, he had recommended RBL Bank Futures which have already given good returns as were promised. The bold bet was made at a time when not many analysts were keen in banking stocks, he added. This is the reason why he picked a stock from NBFC space. He said that this sector is also expected to do well, going forward.    

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Top Stocks To Buy: L&T Finance 

Analyst Vikas Sethi’s F and O pick for the day was L&T Finance. The April Futures of L&T Finance were trading at Rs 99 at the time of the recommendation. He said that the April Futures of L&T Finance should be bought around these levels.  

Calling this an excellent stock, he said that the company management was of great pedigree and very strong. 

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He said that L&T Finance stock is trading at a very reasonable valuations in comparison to its peers. The company has also raised some money through rights issue. The company has been showing good improvements in its asset quality, Sethi said.  

He puts the short term target price in L&T Finance stocks at Rs 105. He puts the stop loss at Rs 95. 

He had also recommended a cash market stock – Sumitomo Chemical for a target price of Rs 305 while the stop loss of Rs 280. This stock was trading around Rs 296 at the time of recommendation.