Mid-cap Picks with Anil Singhvi: Vikas Sethi puts his bet on NLC India, Care Ratings, IGPL for bumper returns
In today’s edition of Special Mid Cap Stocks With Anil Singhvi, Market analyst Vikas Sethi recommended three mid-cap stocks for investors to buy to generate high returns. Know which are these three stocks and why are they poised to do well from here? (#SPLMidcapStocks).
Top Stocks To Buy: NLC India
Today, Sethi recommended a mining company stock which is also a Navratna PSU company. He picked NLC India. He said that he has never recommended this stock before on this channel. He said that this company runs coal and lignite-based power generation plants.
See Zee Business Live TV Streaming Below:
Though, still small, the company also has renewable power plants. He said that this company has excellent fundamentals. NLC India gave a dividend of Rs 7 in the last year. The company is expected to post strong results for the March quarter, he said.
This stock was trading around Rs 62 at the time of recommendation. He was bullish on this stock and recommended buying at current levels. He puts the target price at Rs 90.
Watch Zee Business Tweet Video Below:
शॉर्ट टर्म या पोजीशनल ट्रेड करना हो चाहे लॉन्ग टर्म
— Zee Business (@ZeeBusiness) May 24, 2021
Top Stocks To Buy: CARE Ratings
The technical analyst picked CARE Ratings, the stock of which was trading at Rs 548 at the time of recommendation. It is a stalwart in the ratings business which has been in operations in India since 1993, Sethi said. It also has international presence.
While the credit rating business has good potential, the stock is available at attractive valuations. It was trading at a PE multiple of 20, which is lower than its peers, Sethi said. The company gave a dividend of Rs 19 which is a 4.5 per cent dividend yield.
He puts the target price at Rs 600 while the stop loss at Rs 535.
Top Stocks To Buy: IGPL
Another stock picked by him with a sort term view was IG Petrochemicals (IGPL). This stock was trading around Rs 567 at the time of recommendation. This company is one of the largest manufacturers of phthalic anhydride in the world, he said, calling IGPL an excellent company. It has been on an uptrend over the last 8 months.
The December quarter results were strong where the company posted Rs 63 cr profit as against RS 4 cr during the same period in Q4FY20.
The expansion in its capacity will reflects in its results in this quarter, he said. Results will be declared today.
He puts the target price at Rs 590 while the stop loss at Rs 555.
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.