Mid-cap Picks with Anil Singhvi: Albert David, Grindwell Norton, Ineos Styrolution are Vikas Sethi recommendations today
Market analyst Vikas Sethi today recommended three mid-cap stocks for investors to buy to generate high returns. In chat with Zee Business Managing Editor Anil Singhvi in popular Special Mid Cap Stock Picks show, Sethi explained why these three stocks are poised to do well from here and give bumper returns. (#SPLMidcapStocks).
Top Stocks To Buy: Albert David
Today, Sethi recommended a stock which is from the pharma sector and is not talked about much. He picked Albert David. It manufactures placentrex and exports it to over 35 countries. This stock is available at attractive valuations and is available at a PE multiple of 20. Albert David is also a zero-debt company. The promoters have a 61 per cent stake and nothing has been pledged as of now.
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This stock was trading around Rs 430 at the time of recommendation. He puts the target price at Rs 525 and has a 9-12 month view on it.
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शॉर्ट टर्म, पोजीशनल और लॉन्ग टर्म में किन मिडकैप शेयरों में निवेश देगा दमदार मुनाफा?
— Zee Business (@ZeeBusiness) April 19, 2021
Top Stocks To Buy: Grindwell Norton
The technical analyst picked Grindwell Norton a company which was recommended by him at levels around Rs 600. This stock has seen a 50 per cent upside, Sethi said. It was trading around Rs 892 at the time of recommendation. He called it a strong multi-national company. He said that the fundamentals are strong.
He puts the target price at Rs 950 while the stop loss at Rs 860.
Top Stocks To Buy: Ineos Styrolution
Another stock picked by him was Ineos Styrolution a company which is a leading manufacturer of ABS systems, in the country. This stock was previously recommended by him at levels of Rs 900. This stock is excellent, this analyst said.
ABS systems are used in automobiles and home appliances, he said. This product is generating a lot of demand.
Ineos Styrolution stock was trading around Rs 1070 at the time of recommendation. He puts the short term target price of Rs 1125 and the stop loss at Rs 1020.
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