In chat with Zee Business Managing Editor Anil Singhvi, market analyst Vikas Sethi picked two stocks for bumper returns. The stocks were recommended with the short term view in the popular TV show ‘Sadabahaar Sethi Saab’. Both stocks recommended today were from the cash market. Know which stocks he recommended today and why?
Top Stocks To Buy: EID Parry
Analyst Vikas Sethi’s first stock was from the sugar sector, which has been in focus off-late. This stock is EID Parry – a Murugappa Group company and is based in South of India. It manufactures sugar and nutraceuticals. The upsides in sugar will also reflect in the stock. The company will also be announcing its Q4 results. The important triggers include the current focus on ethanol. The company has strong fundamentals.
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This stock was trading around Rs 433 at the time of recommendation. The short term target price is Rs 450 while the stop loss is Rs 420.
Top Stocks To Buy: Indian Energy Exchange
Another stock picked by him was from Indian Energy Exchange (IEX). This stock has been previously recommended by Sethi at levels around Rs 180. The company has a monopoly business with 95 per cent market share. It is a zero-debt company with strong fundamentals. The March quarter results were very strong.
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विकास सेठी से जानिए EID Parry और IEX में कमाई की स्ट्रैटेजी
— Zee Business (@ZeeBusiness) June 24, 2021
The stocks were trading around Rs 375 at the time of recommendation. The short term target price is 390 while the stop loss is Rs 368.