In chat with Anil Singhvi, analyst Vikas Sethi recommends Tata Power, Tata Steel as top buys for big gains
Analyst Vikas Sethi’s first stock was a company from the power sector. This company was Tata Power. This stock is seeing a lot of positive developments. The December quarter earnings are were also good. Tata Power Futures are currently trading around Rs 103
In today’s edition of popular TV show ‘Sadabahaar Sethi Saab’ to Zee Business Managing Editor Anil Singhvi, Analyst Vikas Sethi picked two more stocks for high returns. Both the stocks were from the futures and options (F and O) segment. The stocks have been recommended from the short term view. He said that a falling market offers opportunities to buy.
Top Stocks To Buy: Tata Power
Analyst Vikas Sethi’s first stock was a company from the power sector. This company was Tata Power. This stock is seeing a lot of positive developments. The December quarter earnings are were also good. Tata Power Futures are currently trading around Rs 103.
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He said that the biggest trigger could be InvIt in this sector. After Power Grid, this company can also come up with its own InvIt sooner or later, he said. The debts of the company will also likely come down soon once the InvIt comes. This will also trigger a movement in this stock.
He said that this stock show definitely be accumulated at current levels. He puts a short term target price of Rs 110. He puts the stop loss at Rs 99.
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Top Stocks To Buy: Tata Steel
Another stock picked by him was also from the F and O space and it was also a Tata Group company stock. He recommended Tata Steel. This stock futures are currently trading around Rs 731. The immediate short term target in this stock is in between Rs 740 and Rs 745. He puts the stop loss at Rs 720.
He said that there is a strong upward trend in the metal stocks. In the low interest rates regime in the US, the momentum in metals is likely to continues.
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