In chat with Anil Singhvi, analyst Vikas Sethi picks NCL, UPL as top buys for handsome returns
Analyst Vikas Sethi’s first stock was a company from the cement segment and it is a cash market stock. This company is NCL Ltd. The cement company is based out of South India. He has previously recommended this stock. The cement sector stocks are currently in focus and have been doing well, he said
In today’s edition of popular TV show ‘Sadabahaar Sethi Saab’, Market Analyst Vikas Sethi recommended two stocks – one each from the cash markets and futures and options (F and O). Sethi’s recommendations to Zee Business Managing Editor Anil Singhvi was from the very short term perspective. Know which stocks are these and why this analyst picked them. He picked a pharma stock and cement stock.
Top Stocks To Buy: NCL Limited
Analyst Vikas Sethi’s first stock was a company from the cement segment and it is a cash market stock. This company is NCL Ltd. The cement company is based out of South India. He has previously recommended this stock. The cement sector stocks are currently in focus and have been doing well, he said.
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NCL is expected to benefit from the Rs 30-40 rise in cement prices in the Southern Indian states. The company also has two power plants.
NCL is a Secunderabad-based cement company with production capacity of 2.7 million tonnes. Nagarjuna Cement is one of the popular cement brands of this company.
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This stock is currently trading around Rs 177. The December quarter results were quite strong, he further said. The stock is available at attractive valuation and at a PE multiple of 8. He puts the target price at Rs 190. The view is very short term he said.
Top Stocks To Buy: UPL
Another stock picked by him was from the F and O space and it is agri-focused stock. This stock is UPL whose March futures are trading around Rs 590. The stock is cheaper in terms of valuations against its peers, he said. UPL stocks are currently available at a PE multiple of 18 as against the industry average of 45-50. The December quarter results were strong. The FIIs and DIIs have significant investments in the company.
He puts the target price at Rs 620 while the stop loss at Rs 575.
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