te Top Stocks to Buy - Analyst Vikas Sethi recommends Indo Count, Seshasayee Paper; Know what stands out for these stocks | Zee Business

Top Stocks to Buy - Analyst Vikas Sethi recommends Indo Count, Seshasayee Paper; Know what stands out for these stocks

In a chat with Zee Business Anchor and Head-Research Deepanshu Bhandari, Market Analyst Vikas Sethi picked two stocks today and both were from the cash market. 

Top Stocks to Buy - Analyst Vikas Sethi recommends Indo Count, Seshasayee Paper; Know what stands out for these stocks
Expert Sethi recommended two cash market stocks that will be beneficial for investors.

In a chat with Zee Business Anchor and Head-Research Deepanshu Bhandari, Market Analyst Vikas Sethi picked two stocks today and both were from the cash market. The stocks were recommended with a short-term view in the popular TV show ‘Sadabahaar Sethi Saab’. Know which stocks he recommended today and why they are likely to give handsome returns to the investors.  

Talking about the updates of the market, Sethi said that SP Apparels which was recommended by him in the morning show at Rs 370 level as a short-term pick went to a high as Rs 408. That means the stock has already become 10% faster in today's bad market.    

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Expert Sethi recommended two cash market stocks that will be beneficial for investors.

Indo Count Industries Ltd.
Analyst Vikas Sethi’s first stock was Indo Count Industries Ltd. (ICIL). He said that the stock belongs to the textile sector and is currently trading around Rs 156. He further added that ICIL is a leading company in the home textile sector and exports to more than 54 countries. He said that 90% of the company's revenue came from exports. The fundamentals of this company are also very good. Return on Capital Employed is 20%, Return on Equity is 22%, and has also recently acquired the Textiles Division of Gujarat Heavy Chemicals Limited (GHCL). So, I am bullish on this stock, said expert Sethi, and have a short-term target in this.
Buy: Rs 157.85
Target: Rs 180
Stop Loss: Rs 145

Seshasayee Paper and Boards Limited
Another stock picked by him was Seshasayee Paper and Boards Limited. He said that it is a Chennai-based company that is a common performer in the segment of writing and printing paper and is currently trading around Rs 205. Fundamentally this is a very good zero debt company. Paper stocks will benefit from both the demand and the purity of the paper, the expert said. FIIs and DIIs own 25% stakes in this company.
Buy: Rs 205
Target: Rs 225
Stop Loss: Rs 195

For More Details Watch Full Video Here:

 

Written By: ZeeBiz WebTeam
Edited By: Shivendra Kumar
Updated: Mon, May 02, 2022
05:45 pm
ZeeBiz WebDesk
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