Stocks to buy with Anil Singhvi: Know why Vikas Sethi is bullish on Alicon Castalloy and Emmbi Industries shares? check targets and stoploss
In chat with Zee Business Managing Editor Anil Singhvi, market expert recommended two shares with short-term view.
In chat with Zee Business Managing Editor Anil Singhvi, market expert recommended two shares for short-term. Picking Alicon Castalloy and Emmbi Industries from cash market, Sethi said shares of both the companies have potential to give good returns to investors in short-term
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Talking about his first pick, the market expert said it is a very good stock from cash market. Recommending Alicon Castalloy, Sethi said, " It is an innovative company, which has country's one of the largest aluminium casting foundries. It has 49 years of experience in the business and also has global presence. It is one of the largest manufacturers of alloy wheels too. Altogther,the company has 13 plants across 4 startegic locations. It also has a technical tie up with a Japanese companies and promoters have recently increased their stake in the company too. One should buy this share at current levels with two targets of Rs 850 and 860 in the short-term, while the stoploss for this counter is Rs 800."
शॉर्ट टर्म में दमदार रिटर्न के लिए बेहतरीन PICK...
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Vikas sethi's second picke was Emmbi Industries. He said it is a less-known small cap company. " The company deals in eco-friendly products. IT does packaging for agri-sector and makes homopolymer bags, which environment-friendly and recyclable. It's one retail brand is also very popular in agriculture sector. The company also has very good poential in water consevation system. Th company also exports its products and p[romoters holding is decent at 58 per cent. Even FIIs and DIIs jointly also hold 10% stake in this company. The company also posted good June quarter result, which saw PAT jumping substantially. Target for this share is Rs 120 and stoploss is Rs 100," Sethi concluded.
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