Mid-cap Picks with Anil Singhvi: MCX, Andhra Sugars, Ineos Styrolution are Vikas Sethi recommendations today
Analyst Vikas Sethi recommends MCX calling it an excellent stock. He said that MCX has the monopoly in the commodity trading. This stock is currently trading at Rs 1620. He said that the uptrend in this stock should continue from here. The fundamentals are quite strong and it posted strong results in the December 2020 quarter
Market analyst Vikas Sethi today recommended three mid-cap stocks for investors to generate high returns. In chat with Zee Business Managing Editor Anil Singhvi in popular Special Mid Cap Stock Picks show, Sethi explained why these three stocks are poised to do well from here and give bumper returns. (#SPLMidcapStocks).
Top Stocks To Buy: MCX
Today, Sethi recommended MCX (Multi Commodity Exchange) calling it an excellent stock. He said that MCX has the monopoly in the commodity trading. This stock is currently trading at Rs 1620. He said that the uptrend in this stock should continue from here. The fundamentals of MCX are quite strong and it posted strong results in the December 2020 quarter. The operating profit margins are around 70 per cent. The profit CAGR has grown with at 23 per cent over a period of three years, he said.
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He puts the target price at Rs 1900 over the next 9-12 months.
Top Stocks To Buy: Andhra Sugars
The technical analyst picked Andhra Sugars with a positional medium term view. This stock was previously recommended by him at lower levels. It is currently trading around Rs 300. This is an excellent company which has business interests in sugar space, agri-chemicals, fertiliser and pharma.
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The dividend yield was at Rs 20 last year which is around 6 per cent, he said.
The valuations of Andhra Sugars are quite attractive, and it is trading at a PE multiple of 5. He puts the target price at Rs 340 and stop loss at Rs 280.
Top Stocks To Buy: Ineos Styrolution
Another stock picked by him was Ineos Styrolution a company which is a leading manufacturer of ABS systems, in the country. ABS systems are used in automobiles and home appliances, he said. This product is generating a lot of demand. The earning results of this company have been good and it declared a PAT of Rs 103 cr in December 2020 quarter against a loss in December 2019 quarter. He called it a great turnaround story.
He puts the short term target price of Rs 1025 and the stop loss at Rs 950.
Ineos Styrolution stock was trading around Rs 979 at the time of recommendation.
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