Are you looking for stocks from the cash market and futures and options (F and O) segments that will give you high returns? Market analyst Vikas Sethi chose a total of two stocks, one from each of the cash and F and O segments. These strains were recommended by Zee Business Editor-in-Chief Anil Singhvi from a short-term perspective. Know which stock was this and why it is expected to give a good return.
Top stocks to buy: EID Parry
The first stock of analyst Vikas Sethi was from the cash market. He was bullish on stocks in the sugar sector. He said prices should be on the rise globally and that this segment should be the focus now. He said this momentum was just the beginning. He chose EID Parry, a company in the Murgappa Group that manufactures sugar and dietary supplements.
See Zee Business Live TV Streaming below.
He said the company has excellent fundamentals with high return rates. The stock was trading at around Rs 330 at the time of recommendation. The stock is being traded at a significant discount, he added. He has a target price of 350 rupees and a stop loss of 325 rupees.
Top stocks to buy: NMDC
Another strain he chose was NMDC. This was from the F and O spaces. Seti remains bullish in the metal sector. April futures were trading at Rs 144 at the time of recommendation.
Watch the Zee Business Tweet video below.
— GeeBusiness (@ZeeBusiness) April 8, 2021
This inventory is well placed as the metal sector, especially the steel sector, is making a big move.
He said NMDC manufactures iron ore, the raw material for steel. He added that NMDC’s fundamentals are very powerful. He also said he was bullish on his March quarter results. The short-term target for this stock is 155 rupees. It could rise to 175 rupees by the time the results are announced.
Analyst Vikas Sethi has chatted with Anil Singhvi to recommend NMDC's EID Parry to return bumpers.
Source link Analyst Vikas Sethi has chatted with Anil Singhvi to recommend NMDC's EID Parry to return bumpers.