Midcap stocks to buy with Anil Singhvi: Vikas Sethi picks Sumitomo Chemical, Anup Engineering, Triveni Engineering for gains
In todays edition of Special Mid Cap Picks, market expert Vikas Sethi, Managing Director of Sethi Finmart Pvt Ltd, tells Zee Business that he is bullish on three stocks.
In today's edition of 'Special Mid Cap Picks', market expert Vikas Sethi, Managing Director of Sethi Finmart Pvt Ltd, tells Zee Business that he is bullish on three stocks, namely Sumitomo Chemical, Anup Engineering and Triveni Engineering in the long term, positional and short-term categories respectively.
Speaking with Zee Business, Sethi explained why he thinks investors should buy these stocks for good returns.
Long Term - Sumitomo Chemical
Sumitomo Chemical is the long-term pick of the expert. He said that this stock belongs to the agrochemical sector, about which I have been bullish. It is a Japanese origin-based agrochemical company with a market share of over 11% in India. The fundamentals of the stock are also very good - the return on equity is around 22%, and the return on capital employed is around 28%-29%. Also, it is a zero-debt company.
Target: Rs 550
Duration: 9-12 months
Positional Term - Anup Engineering
The market expert picked Anup Engineering for the positional category. He said that he had recommended this stock earlier also. This company is engaged in making critical components and fundamentally doing well. The firm caters to sectors like Oil & Gas, Petrochemical, Fertilizers, Chemicals, Power, and Pharma. 'I think the company has a bright future and am bullish on the stock,' Sethi said. He added, that the company has a good profit margin and return ratio and is also a zero-debt company. FII - DII also owned 14%-15%.
Target: Rs 1000
Stop Loss: Rs 870
Short Term - Triveni Engineering
Sethi said that he has picked Triveni Engineering for the short-term category. This is a sugar stock. He said that this stock is performing relatively well in the market and with the kind of bullishness seen in the sugar sector, the results of this season will be good. Apart from this, there is a good story going on in ethanol, there is a boil in crude oil and the prices of petrol and diesel have also increased. So overall, I think the entire sector will do well, the expert said.
Target: Rs 370
Stop Loss: Rs 340
For More Details Watch Full Video Here:
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.