Capitalising on the Thursday boom in the stock markets, analyst Vikas Sethi recommended two stocks while speaking to Zee Business Managing Editor Anil Singhvi in the popular TV show ‘Sadabahaar Sethi Saab’. The stocks were recommended for high returns and with a short-term view. Know which stocks were these and why are they expected to do well? Both the stocks are from the cash markets.
Top Stocks To Buy: Heritage Foods
Analyst Vikas Sethi’s first stock was Heritage Foods which was trading around Rs 429 at the time of the recommendation. This is a Hyderabad-based dairy company. This can also be viewed as an FMCG company, he said as it deals in all dairy products. It also has exposure to the renewable segment. It has 11 solar and wind power plants.
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The company has declared strong profits in FY21 against the losses in FY20. It has improved considerably on fundamental parameters, Sethi said.
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The stock is available at a PE multiple of 13. The short-term target price is Rs 445 and the stop loss is Rs 410.
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Top Stocks To Buy: D-Link India
Another stock picked by him was D-Link India which he called as an excellent company, he said. Though the stock has been a laggard over the last year, it works for the company, he said. This is an MNC company and has business interests in manufacturing networking equipment. It is a world leader in this segment. The demand for such products has increased during the lockdown period, he said.
It was trading around Rs 119 at the time of the recommendation. He said that this stock is trading at PE multiple of 12-13. He puts the target price between Rs 125-Rs 130 and the stop loss at Rs 105.