Stocks to buy with Anil Singhvi: CAMS, NOCIL and JK Lakshmi Cement shares-Why INVESTORS should have these stocks in portfolio, Jay Thakkar explains
Stocks to buy on Monday: In conversation with Zee Business Managing Editor Anil Singhvi, market expert Jay Thakkar recommended three shares that have potential to give good returns to investors
In conversation with Zee Business Managing Editor Anil Singhvi, market expert Jay Thakkar recommended three shares that have potential to give good returns to investors. These stocks were picked with short term, positional and long-term view, ranging from one month to 12 months. The analyst believes that these shares can generate bumper returns for their investors in the given time frame. Let's look at these shares and understand why Thakkar thinks you should buy these stocks.
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Long-term: JK Lakshmi Cement shares
Picking this share as for long term view, Thakkar said this share offers very good risk and reward ratio. "The stock has very good fundamentals and have shown great rally in the past one and half months. When this share gave a breakout above Rs 550, it had confirmed long-term run. After a 15 to 20 per cent correction recently this share witnessed, it has become a very good bet for long-term. One should buy this share with stoploss of Rs 575 and target of Rs 1,000 in 9 to 12 months," said Thakkar.
Positional: NOCIL shares
The market expert picked NOCIL as positional pick. This share reflects a very good price-pattern, he said, adding that this counter has been showing good reversal from lower end of the channel. " With the recent correction, the stock is in oversold zone and can give very good returns positionally. The correction suggests that recovery is due in this scrip. The stoploss for this share is Rs 210 and target is Rs 380 in 3 to 6 months. It is also offering risk-reward ration of 1:2 comfortably," said the market analyst.
Short-term: CAMS
Thakkar picked CAMS shares saying that it has shown breakout in Friday's trading session. "It appears that the stock is already past correction that was due in short-term. This share is poised to create its life-time high and target for this counter will be Rs 4,000. One should maintain a stoploss of Rs 3100 and buy it with one to three months objective, " he added
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