Stocks to buy: Short-term gains on mind? Vikas Sethi picks 2 to deliver the goods - one is ICICI Bank, find out the other
In his chat with the Market Guru, analyst Vikas Sethi revealed two stocks - one from cash markets and other F&O. In the latter, he picked ICICI Bank which will announce its quarterly results on Saturday and he expects a strong result. In cash markets, the technical analyst picked L&T Technology Services as his short term buy
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Today, the Market Guru's show featured analyst Vikas Sethi and his recommendations. One of his earlier stock picks, Tech Mahindra, has done very well indeed and it earned good value for its investors. He recommended this stock at Rs 615 with a target rice of Rs 640 in the near term. Tech Mahindra today closed around Rs 652. He expects a good quarterly result from this company and advises that investors should hold this stock. However, investors can partially book profits, he added. Sethi is Managing Director (MD) at Sethi Finmart.
In his chat with the Market Guru, Sethi revealed two more stocks – one from cash markets and other F&O.
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Top Stocks To Buy: ICICI Bank
This stock was picked by Sethi from F&O segment. ICICI Bank is the second largest private sector bank and it will announce its quarterly results on Saturday and they are likely to be strong, the Finmart MD said. He recommends a Buy on this stock at current levels of Rs 383. He puts the stop loss at Rs 400. The call however is till Monday, he said. He puts the stop loss at Rs 376.
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Top Stocks To Buy: L&T Technology Services
The technical analyst picked L&T Technology Services as his short term buy. The stock is currently trading around Rs 1425. He said that the company is very good and has business interests in plant engineering. The financials of this company are strong while return on equity is around 30 per cent. The return on capital employed is around 34 per cent, he said. Over the last 3 years, the company's profits have grown at a CAGR of 27 per cent. It also has a strong management. The stock should be bought at current levels, he recommended. The target price of this stock is Rs 1470 while the stop loss is Rs 1395.
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