Stocks to Buy with Anil Singhvi: Praj Industries and NALCO are Vikas Sethi's picks today
Zee Business Managing Editor Anil Singhvi, in the latest episode of ‘Sadabahaar Sethi Saab’ show today, talked to market analyst Vikas Sethi and asked him to reveal his top picks that can generate good returns for investors.
Zee Business Managing Editor Anil Singhvi, in the latest episode of ‘Sadabahaar Sethi Saab’ show today, talked to market analyst Vikas Sethi and asked him to reveal his top picks that can generate good returns for investors
Vikas Sethi gave two contra calls yesterday, Buy on NMDC Futures and Buy in Petronet LNG Futures, both the calls were recommended by him in Futures and Options market. Both calls given yesterday are doing well today.
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Cash Market Pick: Praj Industries
This stock will benefit due to the rising crude prices. Praj Industries is known for making Ethanol Plants. Today Praj is a globally leading company with a bouquet of sustainable solutions for bioenergy, high purity water, critical process equipment, breweries and industrial wastewater treatment. Praj Industries is one of the handful of companies in the world to successfully develop and demonstrate 2nd generation ethanol technology using agri-residue.
Demand for products of Praj Industries will also increase due to increase in crude prices. Praj has developed technologies for several clean, renewable fuels and chemicals viz. BioCNG, Bio-butanol etc which have the potential to redefine the global energy matrix. Fundamentals of the company are extremely strong. Q3 FY21 profit stood at Rs 28 cr vs Rs 20 cr (YoY). Debt equity ratio is 0.26. Promoter holding is good in the company and there is no pledging of shares. The target on the stock is Rs 155 and the stop loss is Rs 135.
सदाबहार सेठी सा'ब
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Futures and Options Pick: National Aluminium (NALCO)
Vikas Sethi said that the metal sector has been in focus today. Looking at base metal prices, one can see copper is at multi year highs, aluminium is also trading extremely strong. The buyback of the company will start from 25th Feb. The company is going to do buyback at Rs 57.5. this has given a lot of confidence for buying March Futures of NALCO and traders can see target of Rs 60 and after buyback event is over, can see target of Rs 65 – Rs 70 as well in this stock.
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