In chat with Anil Singhvi, analyst Vikas Sethi recommends Ashoka Buildcon, Motherson Sumi stocks as top buys for big gains

Stocks to buy with Anil Singhvi: In today’s edition of the popular TV show ‘Sadabahaar Sethi Saab’ to Zee Business Managing Editor Anil Singhvi, Analyst Vikas Sethi picked two more stocks for high returns. This was despite the “bloodbath” in the markets which saw Nifty fall by over 1.2 per cent at the time of the close. Sethi recommended one stock each from the cash markets and from the futures and options (F and O) segment. The stocks have been recommended from the short term view. He said that a falling market offers opportunities to buy.

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Analyst Vikas Sethi’s first stock was a company from the infra segment. This company is Ashoka Buildcon and has been recommended for the first time by him. This company is into the construction of highways and bridges and is an excellent company, he said. This has 39 PPP projects currently – largest among the private players. The orderbook is strong and is worth around Rs 9000 cr. 

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It is also into city gas distribution, he further said. The fundamentals are “solid”, he said.  

Ashoka Buildcon shares were trading around Rs 109 when this stock was recommended.  The short term target is Rs 125 and the stop loss is Rs 100.

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सदाबहार सेठी सा'ब: विकास सेठी से जानिए शॉर्ट टर्म में दमदार रिटर्न के लिए कैश और F&O सेगमेंट के 2 बेहतरीन स्टॉक्स@AnilSinghvi_ @vikassethi_SF pic.twitter.com/3g30OIPNrX

— Zee Business (@ZeeBusiness) March 17, 2021

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Another stock picked by him was also from the F and O space and he picked Motherson Sumi, a stock from the auto components segments. The March Futures are trading around Rs 222. This stock should be bough at existing levels. The short term target price is Rs 235 and the stop loss is Rs 215. The last few quarters have been good for this company.  

Motherson Sumi manufactures auto components for the electric vehicles also and it has a tie-up with Tesla.