Ahead of Valentines Day, know these super-hit stock pairs - Anil Singhvi panel explains connection
Top Stock Picks: Ahead of Valentines Day, we bring you some stocks that have similarities and are related to each other in some way or the other.
Ahead of Valentine's Day, we bring you some stocks that have similarities and are related to each other in some way or the other. Zee Business panel of experts presents here a set of stocks, draws analogy and explains how they are related. Zee Business Managing Editor Anil Singhvi oversees the programme and tells you if this combination will continue to work going forward.
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Vodafone Idea and IDFC First Bank: Talking about this pair, Kushal Gupta of Zee Business says that it could be the best pair for 2021. "There is a very interesting connection between the two stocks. Every time one stock has moved, the other has gained too. Co-relation between the stock price of the two stocks when calculated came down to 0.9," said Gupta.
Anil Singvhi said though this is a strong pair, it will last as long as there is hope that Idea will pay over the loan to IDFC First Bank. The Market Guru said that though it is a strong pair, but it won't last long.
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HAL and Bharat Dynamics: Zee Business anchor Deepanshu Bhandari drawing analogy between the two stocks said that these are the only two listed PSUs in pure defence business. "Whenever there is good defence-related news, both of them lead the rally and gain maximum, while the rest follow them."
About these two stocks, Zee Business Managing Editor Anil Singhvi said the correlation between the two stocks will live forever as both are government companies, come from same space and have very strong business model.
RBL Bank, Bandhan Bank: These two banks also go hand-in-hand as both banks focus on retail and small ticket size business and cater to emerging businesses, said Devanshi. "Both deal in micro finance. Every time small time business is hurt, both of them get affected negatively while when there is growth and development in rural sector, they thrive," Devanshi concluded on the striking resemblance between the two shares.
News Anchor and Senior Producer Mansi Dave picked Dixon Technologies and Amber Enterprises. Talking about these two stocks, she said both of them did good business during festive season and performed well in Q3 and so far seem to be benefiting from the recent budget announcement.
Senior Research analyst at Zee Business Varun Dubey picked RIIL and Jai Corp as his pair this Valentine's Day. He said this is the oldest pair and both react every time there is news about Navi Mumbai airport.
Another pair that was identified by our panel was Pidilite and Asian Paints. Both of them depend and react as per the development in real estate sector. Both also deal in common products too.
Ashok Leyland and MSTC—these two stocks will also benefit the maximum from scrappage policy. This policy will create huge demand for Ashok Leyland, while MSTC, which has already entered in recycling business, is also an automatic winner.
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