Midcap picks with Anil Singhvi: Vikas Sethi recommends Hindustan Zinc, Deccan Cements and Acrysil Ltd as STOCKS TO BUY - Check target, stoploss and other details

In a conversation with Anil Singhvi, Managing Editor at Zee Business, Market Analyst Vikas Sethi suggested three midcap stocks that is Acrysil Ltd for long term, Deccan Cements Ltd for positional and Hindustan Zinc Ltd for short term investment to the investors for good returns.

Long Term Pick- Acrysil Ltd

Vikas Sethi picked Acrysil Ltd for long term investment and said that it is a solid company. He said that the company manufactures Quartz Granite Kitchen Sinks under the brand name Carysil.

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Talking about the June quarter results, the market analyst said that the company reported a PAT of 13 crore compared to 4 crore PAT in June quarter last year. Operating profit margins is around 19-20 percent, return on equity is 20 percent, return on capital employed is 27 percent, he added.

He suggested to buy the stocks at current levels for long term and gave a target of Rs 775 for 9-12 months.

Positional Pick- Deccan Cements Ltd

The market analyst picked Deccan Cements Ltd, a cement stock for positional term. He said that the company reported a PAT of 36 crore on YoY basis.

"Fundamentally the stock is very strong. It is a South based cement company with a capacity of around 2.3 million tones and has a network of 1000 dealers in South India," he added.

Operating profit margin is around 24-25 percent, return on equity is 20 percent, debt equity ratio is 0.15, Vikas Sethi said. He gave a target of Rs 850 and stop loss of Rs 765.

Short Term Pick- Hindustan Zinc Ltd

Vikas picked Hindustan Zinc for short term investment and said that it is a Vedanta Group company, world's second largest led and zinc manufacturer, world's 6th largest silver producer and India's only silver company.

He said that the rate of silver has jumped, and it benefit will be seen in the performance of the company as well.

Talking about the June quarter results, he said the company reported PAT of 1983 crore against a PAT of 1369 crore in the previous year. Operating profit margins is 48 percent, return on equity is around 24 percent he added.

Giving the reason behind picking this company, the market analyst said that the company's board will meet on Tuesday, August 17 to announce its interim dividend. The government holds 29 percent share in the company and Vedanta Group has a share of around 65 percent. He gave a target of Rs 340-345 and stop loss of Rs 315.