In chat with Anil Singhvi, Vikas Sethi picks Taj GVK and Shyam Metalics for good returns in short term—check targets and stoploss

In chat with Zee Business Managing Editor Anil Singhvi, market expert Vikas Sethi picked two stocks from cash market for good returns in short term. He recommended one share from hotel and hospitality sector and another from metal segment. His two picks were Taj GVK and Shyam Metalics.  

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Talking about his first pick, Sethi said he has picked this stock from India Hotel and GVK group. They collectively have three hotels, he said. " The booking in this sector is huge. Themes like 'Revenge Tourism' and 'after staycation' have played major role in such demand. "This is a very solid company with attractive valuation and strong fundamentals. Debt-equity ratio is 0.35, while PAT cumulutative figure of the last three years is around 31 % and promoters also have 74.99% stake in this company. This share should be biought for short term returns. Stoploss is Rs 125 and target in short term is Rs 145 for this counter," said the market expert.  

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आज Taj GVK और Shyam Metalics पर क्यों बुलिश हुए विकास सेठी ? जानें यहां#StockMarket #Investment @AnilSinghvi_ @vikassethi_SF

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Anil Singhvi said the share is no doubt a very strong fundamentally and investors should know that it belongs to India Hotel group, which gives even more confidence.  

While recommending Shyam Metalics, Vikas Sethi said he is suggesting this stock from metal segment for the first time. "This stock was recently listed on the exchanges and has seen huge response from investors. Overall metal sector is doin well and this share should also show positive movement in the near future. IT has posted a very good June quarter. It registered 224 crore PAT in this quarter against 49 crore ast year. This company that makes valuaed added products in steel has the potential to do well. Short term target for this sahre is Rs 420 and stoploss is  Rs395.