Market Analyst Vikas Sethi picked two stocks today – one from the cash market while the other from the Futures and Options (F and O). The stocks were recommended with a short term view in the popular TV show ‘Sadabahaar Sethi Saab’ with Zee Business Managing Editor Anil Singhvi. Know which stocks he recommended in today’s edition of popular. 

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Top Stocks To Buy: Maithan Alloys                  

Analyst Vikas Sethi’s first stock was a company from the metal segment. This stock Maithan Alloys and it is not talked about much, Sethi said. It is one of the leading manufacturers and exporters of manganese alloys. Sethi said that this company is one of the lowest cost manufacturers of manganese alloys.  

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The product made by Maithan is used to increase the strength and durability of steel. Its clientele includes companies like Tata Steel, JSPL, JSW and international MNCs like Posco, China Steel.

The company has strong fundamentals and the outlook for metal companies is very good, he said. This stock was trading around Rs 613 at the time of recommendation. He puts the target price at Rs 640 while the stop loss ta Rs 590.

Top Stocks To Buy: NMDC            

Another stock picked by him was from the F and O space and he picked a metal sector company. Sethi puts his bet on NMDC. This stock has been recommended before. He said that it is a leading company in the iron ore segment. The company has recently increased the price of iron ore.

NMDC April Future was trading around Rs 141 at the time of recommendation. He expects a strong March quarter results for NMDC. He puts the target price at Rs 150 while the stop loss at Rs 135.