Stocks to buy with Anil Singhvi: Max Financial, Shilpa Medicare and GIC are top picks today
Zee Business Managing Editor Anil Singhvi, in the latest episode of ‘Sadabahaar Sethi Saab’ show, talked to market analyst Vikas Sethi and asked him to reveal his top picks that can generate good returns for investors.
The stock markets did not fare very well today, the last day of the week. However, this comes after days of a big surge, powered by the FIIs. In this situation today, Zee Business Managing Editor Anil Singhvi, in the latest episode of ‘Sadabahaar Sethi Saab’ show, talked to market analyst Vikas Sethi and asked him to reveal his top picks that can generate good returns for investors. Sethi gave three calls today — Max Financial, Shilpa Medicare and GIC; while two are from cash market, one is from F&O space.
Find detail analysis in the video below:
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Straightaway revealing his only stock from F&O space, Sethi appeared strongly bullish on Max Financial Future. Saying the stock is showing good upward movement, he recommended Max Financial Future, which is trading in December futures around Rs 652. He gave a short-term target of Rs 670 and put a stoploss at Rs 645 for this stock.
Vikas Sethi picked his first stock in cash market from Pharma sector. Picking Shilpa Medicare, he said the stock has seen a fall from level of Rs 700 after a warning in one of its plants.
However, after the management clarified recently that it will have minimal effect on company’s business, the stock is likely to see a rally, said the market analyst. Calling it a very strong company, Sethi said that the stock is trading at very attractive valuation and should be bought at current levels. He said the stock should be bought around Rs 470 to Rs 471 by maintaining a stoploss of Rs Rs 455. He gave a very short-term target of Rs 500 for this stock.
Sethi’s another pick from cash market was GIC, an insurance company. Picking this stock from insurance sector, he said GIC is a dominant company with competitive advantage in its sector.
The company has also posted strong September result after poor performance in June quarters due to unavoidable reasons, such as pandemic and cyclones. Strongly recommending this stock at current levels, he said GIC is overall a very good company and is also available at half the price of its 52-week high. He recommended to buy it around Rs 140 for a target of short-term target of Rs 155. He put a stoploss of Rs 135.
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