In chat with Anil Singhvi, analyst Vikas Sethi recommends Sonata Software, IDBI Bank as top buys for big gains
Analyst Vikas Sethi’s first stock was a company from IT segment. He picked Sonata Software a mid cap company which was trading around Rs 505 at the time of recommendation of this stock. This company is excellent with very strong fundamentals, Sethi said
In today’s edition of popular TV show ‘Sadabahaar Sethi Saab’ to Zee Business Managing Editor Anil Singhvi, Analyst Vikas Sethi said that he was strongly convinced that the mid cap, small cap and cash markets stocks will trade with a new vigour in April. He said that investors with cash in hand should invest in cash market stocks. He recommended two stocks today and both stocks were from the cash markets.
The stocks have been recommended from the short term view.
See Zee Business Live TV Streaming Below:
Top Stocks To Buy: Sonata Software
Analyst Vikas Sethi’s first stock was a company from IT segment. He picked Sonata Software a mid cap company which was trading around Rs 505 at the time of recommendation of this stock. This company is excellent with very strong fundamentals, Sethi said.
Sethi has previously recommended this stock on multiple occasions at lower levels. The dividend yield is almost 4 per cent. He recommended this stock at the existing levels and puts the target price at Rs 525. He puts the stop loss at Rs 495.
Watch Zee Business Tweet Video Below:
सदाबहार सेठी सा'ब
— Zee Business (@ZeeBusiness) March 30, 2021
Top Stocks To Buy: IDBI Bank
Another stock picked by him was also from the cash market and he picked a stock from banking sector. Though it is a small bank, it is a frontrunner for privatisation, Sethi said. This stock is currently trading around Rs 39.
The IDBI Bank has been pulled out of the Prompt Corrective Action (PCA) framework by the Reserve Bank of India. The December quarter results were also good from all standpoints, Sethi said. The short term target price of IDBI Bank is Rs 43. He puts the stop loss at Rs 38.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.