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.   

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

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. 

See Zee Business Live TV Streaming Below:

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.  

Watch Zee Business Tweet Video Below:

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.