In chat with Anil Singhvi, analyst Vikas Sethi recommends Newgen Software, Ramco Cements stocks as top buys for big gains

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 show.   

Top Stocks To Buy: Newgen Software  

Analyst Vikas Sethi’s first stock was from the IT sector. He picked Newgen Software a relatively small IT company. This is a mid cap It company with a market cap of Rs 2400 cr. It provides service in digital automation and transformation to mainly the BFSIs. The fundamentals are quite strong with attractive valuations he said. The promoter holding is around 60-65 per cent and FIIs and DIIs also have significant stakes in the company. 

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This stock was trading around Rs 355 at the time of recommendation. It is available at a PE multiple of 20 while its peers at 30. He puts the target price at Rs 360 while the stop loss at Rs 335.  

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सदाबहार सेठी सा'ब: विकास सेठी के शॉर्ट टर्म में दमदार रिटर्न के लिए कैश सेगमेंट का बेहतरीन स्टॉक@AnilSinghvi_ @vikassethi_SF pic.twitter.com/AfQUOllvbW

— Zee Business (@ZeeBusiness) May 19, 2021

सदाबहार सेठी सा'ब: विकास सेठी के शॉर्ट टर्म में दमदार रिटर्न के लिए F&O सेगमेंट का बेहतरीन स्टॉक@AnilSinghvi_ @vikassethi_SF pic.twitter.com/ng3lPhBzBr

— Zee Business (@ZeeBusiness) May 19, 2021

Top Stocks To Buy: Ramco Cements      

Another stock picked by him was from the F and O space and he picked a cement sector company. Sethi puts his bet on Ramco Cements. May futures were trading around Rs 978 at the time of recommendation. He said that this is the biggest cement company in South India. 

The very short term target is Rs 1010 while the stop loss is Rs 960.