Stocks to Buy With Anil Singhvi: RCF and JSW Steel are Vikas Sethi recommendations for good returns - Here is why

Market analyst Vikas Sethi on Thursday spoke to Zee Business Managing Editor Anil Singhvi and recommended two stocks that could generate good returns for investors -RCF and JSW Steel. 

Stocks to Buy With Anil Singhvi: RCF and JSW Steel are Vikas Sethi recommendations for good returns - Here is why
Sethi said RCF is a very undervalued stock and his very short-term target for this scrip will be Rs 65 with a stoploss of Rs 52. The stock was trading around Rs 55 on Thursday.
Reported By: ZeeBiz WebTeam
Written By: ZeeBiz WebTeam
Edited By: Harish Dugh
Updated: Fri, Jan 22, 2021
07:38 am
Patna, ZeeBiz WebDesk
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Market analyst Vikas Sethi on Thursday spoke to Zee Business Managing Editor Anil Singhvi and recommended two stocks that could generate good returns for investors -RCF and JSW Steel. 

He picked Rashtriya Chemicals & Fertilizers Ltd from cash market. Saying that Budget 2021 is just a week away, Vikas Sethi said, "The stock that I have picked is a very good PSU fertilizer company and it could benefit from the Budget 2021 too. This is one rural agri-based company, which makes fertilizers and chemicals. One of its brands is very popular in rural India too. The budget could see an announcement on payment dues on fertilizer subsidy. Monsoon was good, economy is recovering well too and the government's commitment of doubling farm income, direct benefit transfer to farmers all augur well for this share and are all likely to help RCF."  

Find detail coverage in the video below:

Sethi said RCF is a very undervalued stock and his very short-term target for this scrip will be Rs 65 with a stoploss of Rs 52. The stock was trading around Rs 55 on Thursday.    

See Zee Business Live TV Streaming Below:

Talking about his pick from F&O space, he said he has picked JSW Steel stock from metal sector. " Most of the metal stocks have registered good growth in this quarter. JSW Steel will also present its result tomorrow (Friday) and I am confident that this counter will also post very strong result. JSW Steel stock has shown negative movement today and it is very good time to make position in this stock. Very short term target for this scrip would be RS 420 and stoploss will be Rs 390,"  Sethi added.
 

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