Stocks To Buy Today With Anil Singhvi: Amid extremely volatile stock markets, Zee Business Managing Editor Anil Singhvi has been highlighting the value of sectoral churning and benefits of stock specific trade. In this regard, the Market Guru has made a panel of experts who fish out stocks to buy that traders and investors can reap massive profits from in short time spans. With same objective, Singhvi asked Vikas Sethi, Managing Director at Sethi Finmart, about his stocks to buy today recommendation. Sethi named West Coast Paper.
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Asked about the fundamentals of West Coast Paper shares, Vikas Sethi said, “West Coast Paper shares are available at an attractive valuation as it is standing at a multiple of 3 only. Its operating Profit Margin is at 19 per cent while the return on equity (ROE) of the company is at 26 per cent. Most importantly, West Coast Paper company’s profit in FY 20 has gone up to Rs 406 crore which was at Rs 223 crore in FY18. Apart from this, the company is standing at a very low debt that also sounds well for the shares of the company.”
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On his suggestion to the traders in regard to West Coast Paper shares the MD of Sethi Finmart said, “I would recommend traders and investors to buy West Coast Paper shares at current levels of Rs 200 for the target of Rs 210. but, one must maintain the stop loss at Rs 180 while taking any position in West Coast Paper counter.”