Stocks to Buy With Anil Singhvi: Amid extreme volatility in the Future and Options (FO) market, Zee Business Managing Editor Anil Singhvi has been suggesting stock market traders to invest in cash segment. In this regard, Singhvi today asked his expert panel member Vikas Sethi to reveal his stock picks and Sethi replied with Orient Refractories and Ingersoll Rand in the cash market.
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Speaking on the Orient Refractories shares, Sethi said, “Company’s fundamentals are very strong as its Return on Capital (ROC) is 27 per cent, Operating Profit margin is 17 per cent, promoters’ holdings in the company are at 67 per cent while DIIs hold near 18 per cent shares in it that they have increased in the recently ended June quarter. I recommend investors to buy this counter at around Rs 210 for the target of Rs 220.”
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On his second cash segment pick Sethi told Anil Singhvi, “My second stock pick from cash market is Ingersoll Rand. It is available at a very discounted price and its fundamentals are very strong. Its dividend yield is at 44 per cent, Return on Capital (ROC) is at 22 per cent, DIIs hold 10.5 per cent shares of the company and promoters have enhanced their holding in the company from 74 per cent in March quarter to 79 per cent in June quarter. It’s a zero debt company and one can buy Ingersoll Rand shares at current Rs 690 levels for the short-term target of Rs 725.”