Hero Motocorp is stock to buy, says analyst Vikas Sethi in chat with Anil Singhvi

Stocks to Buy: The market bloodbath on Monday was primarily due to the new margin pledge rules in the cash market, Analyst Vikas Sethi told Zee Business Managing Editor Anil Singhvi. There is a lot of confusion because of this in the markets and the brokerages are currently ill-equipped to implement these changes, Sethi said in his chat with the Market Guru in ‘Sadabhaar Sethi Saab’ show.  

Small traders have been affected the most, unsettling the overall market, he further said. 

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The Managing Director (MD) at Sethi Finmart today recommended this stock today.   

Top Stocks To Buy: Hero Motocorp 

The technical analyst picked Hero Motocorp and said that it should be bought at existing levels around Rs 3030. He puts the target price of Rs 3100 for tomorrow while the stop loss at Rs 3030. He said that he expected the August auto sales numbers that are likely to come tomorrow to be quite strong. The two-wheeler segment is also to give strong number which may positively surprise the markets.  

He said that today’s market fall has given a good opportunity to buyers to make investments.

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Echoing similar sentiments on the automobile sales numbers, Singhvi said that the two-wheeler segment is expected to see strong growth.