Vikas Sethi recommends buying PSU Bank, largecap, smallcap stocks for up to 12 months

Vikas Sethi of Sethi Finmarts has recommended buying PSU Bank, 2 small-cap stocks, for up to 12 months. In conversation with Zee Business Managing Editor Anil Singhvi, he has suggested these three stocks with different horizons ranging from short term to long term. According to the market expert, these largecap and smallcap stocks have a potential upside of 34 per cent.

Smallcap Stock to Buy | GMDC | Upside: 34%

Vikas Sethi recommends buying GMDC shares at Rs 265. He has recommended the stock for a target of Rs 350 with a perspective of 9-12 months. According to him, it could rise up to 34.69 per cent from Wednesday's closing.

Smallcap Stock to Buy | Harsha Engineers | Upside: 10%

Sethi suggests buying Harsha Engineers shares at Rs 395. He has a 'buy' call on the Harsha Engineers International stock with a target of Rs 430 with a stop loss at Rs 380. According to him, it could give a return of 10.42 per cent in the next 3-6 months. In terms of fundamentals and valuation, it looks attractive, Sethi said.

PSU Bank Stock to Buy | Bank of Maharashtra | Upside: Nearly 10%

Sethi also suggests buying PSU Bank of Maharashtra (BoM) shares at Rs 47. He has suggested buying the PSU bank stock for a target of Rs 51 with a stop loss at Rs 44. According to him, it could rise up to 9.91 per cent from Wednesday's closing.

Stock Market Update | Sensex, Nifty end in red sphere

Domestic equity benchmark indices witnessed a decline on Wednesday as investors opted to book profits in banking and IT shares. The BSE Sensex recorded a loss of 728.69 points, or 0.93 per cent to close at 77,288.50. Similarly, the Nifty 50 index declined by 181.80 points or 0.77 per cent and settled at 23,486.85.

(Disclaimer: The views/suggestions/recommendations expressed here in this article are solely by investment experts. Zee Business suggests its readers consult their investment advisers before making any financial decision.)