Market Analyst Vikas Sethi picked two stocks today and both were cash stocks recommended with a short term view in the popular TV show ‘Sadabahaar Sethi Saab’ with Zee Business Managing Editor Anil Singhvi. Know which stocks he recommended in today’s edition and what was the reason to pick them?
Top Stocks To Buy: Navneet Education
Analyst Vikas Sethi’s first stock was from the cash market. He chose the stock from unlock theme today. This is an education and stationary related stock – Navneet Education. This stock was trading around Rs 87 at the time of recommendation. The company has some popular brands and is also in the business of exports, he said. This is the right time to invest in this stock at current levels.
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He puts the stop loss at Rs 80 while the target price at Rs 100 in a very short term period.
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Top Stocks To Buy: Albert David
Another stock picked by him was from the pharma sector. He said that this company is relatively small and is into the business of bulk drugs and formulations. This company is Albert David and is Kolkata based. It manufactures placentrex and has exports in over 35 countries.
This stock is available at attractive valuations and is available at a PE multiple of 23. The market cap is only Rs 265 cr, he said. Albert David is also a zero-debt company. The promoters have a 61 per cent stake and nothing has been pledged as of now.
This stock was trading around Rs 483 at the time of recommendation. He puts the target price at Rs 495 and the stop loss at Rs 455.