Mid-cap Picks with Anil Singhvi: Vikas Sethi top stocks to buy for good returns - Solar Industries, Orient Electric

In yet another stock recommendation for Zee Business viewers, market expert Vikas Sethi today revealed his top 2 favourite stocks in mid-cap space that pack a punch and can give bumper returns. In a chat with Managing Editor Anil Singhvi, Sethi reveals his positional medium term and short term picks. Sethi is Managing Director (MD) at Sethi Finmart.

Top Stocks To Buy: Solar Industries

The analyst picked a stock from the defense sector with the positional medium term view. Sethi said that Solar Industries which is also known as Solar Explosives is into manufacturing of explosives. The company's products are not only used in defense sector but also in aerospace. The company has a strong balance sheet with return on equity at 21 per cent and return on capital employed at 29 per cent. At 0.38, debt is negligible, he added. He advised a Buy on Solar Industries stock at existing levels of Rs 1059. The target price is Rs 1100 in next 7-10 trading sessions.

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Top Stocks To Buy: Orient Electric

As for his short term Buy, Sethi picked Orient Electric. The company is in the business of manufacturing fans and electrical equipment. The company has a strong balance sheet with good return ratios, he said. The debt ratio is negligible. The profits over the last four years have increased at a CAGR of 63 per cent. The stock is currently trading around Rs 186. The stock should be bought at current levels. He puts the target price at Rs 195.