In chat with Anil Singhvi, analyst Vikas Sethi picks NCL, Reliance Industries as top short term buys; Know why he is bullish on these stocks!

In a chat with Zee Business Managing Editor Anil Singhvi, market expert Vikas Sethi recommended two stocks for bumper returns. The stocks were recommended in the popular TV show ‘Sadabahaar Sethi Saab’. Sethi’s recommendations were from a short term perspective. Know which stocks these are and why this analyst picked them.  

Top Stocks To Buy: NCL Industries   

Analyst Vikas Sethi recommended a stock from the cash market. He said that this company manufactures cement and building material and is a relatively small company. The stock is NCL Industries which makes cement under the brand name Nagarjuna cement. The company is based out of Secunderabad.  

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सदाबहार सेठी सा'ब: शॉर्ट टर्म में दमदार मुनाफे के लिए विकास सेठी के बेहतरीन PICKS@AnilSinghvi_ @vikassethi_SF pic.twitter.com/r65iXjjcNn

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The September quarter results posted by NCL Industries were excellent, he added. The profits were around Rs 42 cr which were significantly up from Rs 8 cr posted last year. NCL Industries stock is currently trading at a PE multiple of 7.5-8. The dividend yield is around 1.7 per cent. 

NCL Industries is an excellent company and also has two hydro power plants and earns revenues from them.  

NCL Industries stock is currently trading around Rs 147. He puts the stop loss at Rs 140 and the target price between Rs 160 and Rs 165 in a very short term period.    

Top Stocks To Buy: Reliance Industries  

Another stock picked by him was from the futures and options (F and O) market. He recommended Reliance Industries. This company stock is now ready to come out of the phase of underperformance and is poised for an upward move. He also expected Reliance Industries stock to play a big role in the Nifty rally from here. He recommends buying around Rs 1990.

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He puts Reliance Industries target price at Rs 2050 in a very short period while putting the stop loss at Rs 1975.