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Stocks To Buy Today: Triveni Turbine set to deliver great returns, Vikas Sethi tells Anil Singhvi

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Stocks To Buy Today: Amid Foreign Institutional Investors (FIIs) increasing their long-positions up to 75 per cent, Zee Business Managing Editor Anil Singhvi says he is highly bullish about Indian stock markets. However, the Market Guru has once again maintained that stock specific trade in the cash segment will continue to attract more footfalls in the markets than F/O. For specific traders, Singhvi today asked Vikas Sethi to share his top pick of the day and he replied with Triveni Turbine shares to buy for great returns.

Speaking on the fundamentals of Triveni Turbine shares, Vikas Sethi told Anil Singhvi, “Return on Equity (ROE) of Triveni Turbine shares is an impressive 834 per cent, its operating profit margin is at 18.3 per cent while FIIs and DIIs holdings in the counter is around 28-29 per cent. Apart from this, it’s a zero-debt company in which promoters holding is around 67 per cent.”

See Zee Business Live TV streaming below:

Sethi said that Triveni Turbine has recently tied up with GE (General Electric). It’s June quarter results have been impressive even though the business in this quarter was hit by Coronavirus severely. The management commentary spells that second quarter result of the company will be highly impressive.
On his suggestion to the stock market investors in regard to the Triveni Turbine shares Sethi said, “I would recommend stock market investors to buy Triveni Turbine shares at current price of Rs 80 for the immediate short-term target of Rs 90. However, one should strictly maintain the stop loss at Rs 75.”

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Sethi went on to add that one can hold Triveni Turbine shares for three to six months for the target of Rs 110 to Rs 115 per stock mark.



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