te In chat with Anil Singhvi, Vikas Sethi explains how to trade in Welspun Corp and Greaves Cotton shares—check targets, stop loss here | Zee Business

In chat with Anil Singhvi, Vikas Sethi explains how to trade in Welspun Corp and Greaves Cotton shares—check targets, stop loss here

market expert Vikas Sethi on Tuesday recommended two shares with short term perspective. 

In chat with Anil Singhvi, Vikas Sethi explains how to trade in Welspun Corp and Greaves Cotton shares—check targets, stop loss here
Recommending Welspun Corp as his first pick, Vikas Sethi said it is a very strong company and presently its shares are trading around Rs 154.

In Chat with Zee Business Managing Editor Anil Singhvi, market expert Vikas Sethi on Tuesday recommended two shares with short term perspective. Sethi picked two stocks, both from cash market.  

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Recommending Welspun Corp as his first pick, Vikas Sethi said it is a very strong company and presently its shares are trading around Rs 154. It is a flagship company of Welspun group, he said. "It is one of the largest welded line pipe companies in the world. These are used by oil companies. All major big players in the oil field, including Reliance and Saudi Aramco, are its customers. As oil crude prices are rising, it will directly benefit Welspun Corp beneficiary because the improved balance sheets of these companies will lead to further expansion and investment by oil companies. Fundamentally, it is available at very cheap valuation and trades at PE multiple of 6. It has also posted a very robust March quarter result. Also, DIIs and FIIS together hold21 per cent stake in this company. On should buy this counter for short term target of Rs 170 with stoploss of Rs 148," said Sethi.  

The market expert picked Greaves Cotton as his second cash market share. "It only has cotton in his name, but it is not a textile company. It does not only make engines for automobile sector, but also deals in farm and construction equipment. It also boasts of very strong client list that comprises Tata Motors, M&M and Piaggio. It is also a serious player in electric vehicle space. Besides, Maharashtra government is also about to announce an EV policy in the state, which will benefit all manufacturers in this field, including Greaves Cotton.  It is a zero-debt with a strong fundamental. It is a must buy. One should buy this scrip for short term target of Rs 185 to Rs 190. The stoploss would be Rs 168," said Sethi.  

 

Reported By: ZeeBiz WebTeam
Written By: ZeeBiz WebTeam
Edited By: Prashant V. Singh
Updated: Tue, Jul 13, 2021
05:13 pm
Patna, ZeeBiz WebDesk
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