Market Analyst Vikas Sethi picked two stocks today and both were from the cash market. He is bullish on cash stocks because of the ongoing upward trend in these stocks. The stocks were 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 of popular show.
Top Stocks To Buy: Sterling Tools
Analyst Vikas Sethi’s first stock was a company from the automotive segment. This stock was Sterling Tools. This is a leading manufacturer of high tensile fasteners. Its products are used by almost all automobile companies including Maruti Suzuki, Tata Motors, Mahindra & Mahindra and Ashok Leyland.
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An excellent company in terms of fundamentals, Sterling also is into export business. The December quarter results were very strong.
This stock was trading at levels around Rs 198 at the time of the recommendation. He puts the target price at Rs 220 and the top loss at Rs 190.
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Top Stocks To Buy: Delta Corp
Another stock picked by him was Delta Corp a stock that is liked by him and has been recommended by him on previous occasions.
This stock was trading around Rs 175 at the time of recommendation. As the cases are declining and there are preparations ongoing to ease restrictions, the stock should be a “revenge buy” he said.
The company is into a high-margin business of casinos and online gaming, he further said. It also looks attractive in terms of valuations, he said.
The short-term target price is Rs 185 and the stop loss is Rs 165.