Stocks to Buy With Anil Singhvi: Alembic Pharma, Tata Motors are top picks for analyst Vikas Sethi
In today’s edition of popular TV show ‘Sadabahaar Sethi Saab’, Market Analyst Vikas Sethi recommended two stocks – one from the cash market while the other was from the futures and options (F and O). Both the stocks have been recommended for buying. Sethi’s recommendations to Zee Business Managing Editor Anil Singhvi was from the very short term perspective. Know which stocks are these and why this analyst picked them.
Top Stocks To Buy: Alembic Pharma
Analyst Vikas Sethi’s first stock was from pharma sector. He picked Alembic Pharma which is traded as APL on NSE, he said. Alembic Pharma is into API, formulations and bulk drug business. Alembic Pharma has 9 manufacturing units and has done a capex of Rs 1800 cr over the last few quarters. The benefits of this will be seen going forward.
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The fundamentals of Alembic Pharma are strong an its December quarter results have been good, he said. Alembic Pharma profit Margins is 23 per cent, the return on equity is 25 per cent and the CAGR of profits over the last three years is 25 per cent.
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Alembic Pharma stock should be bought at levels around Rs 965. The very short term target in Alembic Pharma is Rs 1025 with the stop loss at Rs 940. The investors can hold this stock even with medium term and long term view.
Top Stocks To Buy: Tata Motors
Another stock picked by him was from the automobile space. This stock is Tata Motors which is now trading around Rs 324. It has seen significant corrections. The investors should also now watch out for the scrappage policy, which may come soon as has been said by Union Minister for Road Nitin Gadkari.
After some consolidation Tata Motors stock is now ready for an upswing. The immediate short term target in Tata Motors stock is Rs 340. He puts the stop loss at Rs 315.
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