Stocks to Buy – Force Motors Shares – Stock up Rs 133 or over 9% - Gurkha launch; auto sector PLI scheme are top TRIGGERS – BUY says Anil Singhvi

Stocks to Buy – Force Motors Shares – The shares of Force Motors were up 9 per cent or Rs 133 on the NSE on Wednesday and were trading at Rs 1596.80 at 9:30 am.  Zee Business Managing Editor Anil Singhvi picks Force Motors Ltd shares as the stock of the day on Wednesday. He recommended a buy in this stock for three reasons. Know what these reasons are!

The first reason is the launch of its Gurkha model. This will be in direct competition to Mahindra Thar, Singhvi said. The waiting period for Mahindra Thar is 9-12 months.

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Force Motors will be revealing important details including price of the vehicle, specifications and other things today. This will be a bid development for the company, the Managing Editor said. The best thing about this vehicle is that, it comes in a segment which is currently generating a lot of demand from the customers.

Its availability will also be keenly watched as it could be difficult for people to wait for 1 year to get a vehicle if they have a need, Singhvi opined.

Another important aspect about this stock is that it gives reactions on good or favourable news. The stock runs if a particular news is of its liking, Singhvi further said.

But the biggest trigger for this stock could be an approval to the Production Linked Incentive (PLI) scheme to the auto sector, the Market Guru said.

He puts the target price at Rs1550, Rs 1600 and Rs 1750 while the stop loss at 1450. The investors can hold this stock positionally keeping an eye on the stop loss.

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STOCK OF THE DAY

जानिए अनिल सिंघवी ने किस स्टॉक को चुना खरीदारी के लिए और क्यों?#StockOfTheDay @AnilSinghvi_ pic.twitter.com/ovrO2L7MUR

— Zee Business (@ZeeBusiness) September 15, 2021

The 52-week high for this stock is Rs 1707 which this stock achieved in July 2021.