In chat with Anil Singhvi, Vikas Sethi recommends Heranba Industries and RPSG Ventures shares for good returns in short-term
In chat with Zee Business Managing Editor Anil Singhvi, market expert Vikas Sethi picked said he has picked two stocks, both from cash market, which will give very good return in short term. Heranba Industries was Sethis first pick.
In chat with Zee Business Managing Editor Anil Singhvi, market expert Vikas Sethi picked said he has picked two stocks, both from cash market, which will give very good return in short term. Heranba Industries was Sethi's first pick, while once again he recommended RPSG Ventures, calling it his ever-green share.
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It is fundamentally very strong company that has only recently listed on exchanges, he said. "It works in agro chemical space, which makes pesticide, herbicide, fungicide etc. It has floated its IPO only in February 2021 and has seen strong listing. Recently, the company has got an environmental clearance for one if its plants. The company, which is backed by strong promoters, also posted very good result in June quarter. It recorded PAT of 47 crore as against only 2 crore the previous year. This is almost a zero-debt company with good fundamentals on every parameter. This company also holds advantage over its peer as it trades much cheaper value than its competitors from the same segment. Overall, it’s a very good company and one can buy it at current levels with a short-term target of Rs 850 and with stoploss of Rs 805," Vikas Sethi said.
Talking about this scrip, Anil Singhvi said the share has been recommended by several experts and there is something important about this company.
RPSG Ventures shares were Vikas Sethi's second pick. He said, "I have recommended this share for at least 6 to 7 times in the past one year alone. It has already doubled from my last recommendation in February 2021. It is highly undervalued stock. The company also owns FMCG brand endorsed by Virat Kohli. The stock is trading around 75% discount of its holdings. This stock can do wonders in short-term as well as long-term. It has also witnessed correction recently amid fall in prices of mid cap shares from Rs 809 is offering good opportunity to buy and accumulate. With stoploss of Rs 655, one can buy this share for short term target of Rs 710," added Sethi.
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