In chat with Anil Singhvi, analyst Vikas Sethi picks Tata Steel, Torrent Pharma as top buys; Know what stands out for them

In today’s edition of popular TV show ‘Sadabahaar Sethi Saab’, Market Analyst Vikas Sethi recommended two stocks, and both are from the Futures and Options (F and O) space. He recommended a Buy on both the stocks. In chat with Zee Business Managing Editor Anil Singhvi, the analyst recommended these counters with short term views. 

Top Stocks To Buy: Tata Steel   

Analyst Vikas Sethi’s first stock is the February Futures of Tata Steel. This is currently trading around Rs 676-Rs 677. He said that there is a fresh traction in the metal stocks now which will aid this metal sector stock. The Q3 FY21 results are due on 9 February, he said. He expects a strong show from Tata Steel, similar to its other listed peers in the steel segment. 

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सदाबहार सेठी सा'ब के शॉर्ट टर्म PICK

नतीजों के दम पर तेजी दिखाएंगे टाटा स्टील और टोरेंट फार्मा

जानिए किन लेवल्स पर और कितने टार्गेट के लिए करनी है खरीदारी?@AnilSinghvi_ @vikassethi_SF pic.twitter.com/KTcHz4dl2d

— Zee Business (@ZeeBusiness) February 5, 2021

The immediate short term target for Tata Steel is Rs 700. He puts the stop loss at Rs 660. 

Top Stocks To Buy: Torrent Pharma 

Another stock picked by him was Torrent Pharma. This stock is currently trading around Rs 2715. He recommended a buy in the Torrent Pharma's February Futures. The Torrent Pharma Q3 FY21 results are due to be announced on Monday, Sethi said. The fundamentals of Torrent Pharma stock are strong with excellent performance shown over a period, the analyst said. Torrent Pharma return on equity is around 21 per cent, operating profit margins around 20 per cent. It caters to exports in 40 countries, Sethi further said. 

Torrent Pharma stock should be bought at Rs 2715. He puts the target price at Rs 2800 and the stop loss at Rs 2680.