Stocks To Buy With Anil Singhvi: Amid highly volatile stock market today, Zee Business Managing Editor Anil Singhvi unveiled some top stock picks of the day for investors and traders. In this regard, the Market Guru today asked Vikas Sethi of Sethi Finmart to share his top picks of the day and Sethi replied with IES and Hindalco Industries futures to buy for great returns.
Speaking on his pick from the cash segment, Vikas Sethi told Anil Singhvi, “My pick from the cash segment is IEX. It has monopoly business in electric company’s trade platform and it is promoted by various companies of big repute that includes SBI and ICICI Bank. It is a zero-debt company and last three years ROC is 45 per cent. Its OPM (Operating Profit Margin) is at 89 per cent.”
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On his suggestion to the stock market investors in regard to the IEX share Sethi replied, “In my opinion, one can buy IEX share at current Rs 205 for the immediate target of Rs 225.”
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On his second pick of the day Vikas Sethi said, “My second pick is from futures and options (F&O) and the stock is Hindalco Industries Futures. Steel demand is going high in unlock 4.0 and I am expecting its positive impact on the Hindalco Industries Futures in intraday or next few trade sessions. One can buy at Rs 181 levels for the target of Rs 195 maintaining the stop loss at Rs 175 mark.”