Stocks to buy: Vikas Sethi bullish on ADF Foods, Saksoft shares; here's why—check stoploss, targets

Stocks to Buy: Stock market expert Vikas Sethi has recommended two shares for investors with short-term view. Both of these stocks have been picked from cash market. In Conversation with Zee Business Managing Editor Anil Singhvi, Sethi picked ADF Foods and Saksoft stocks for good returns in the short term.  

ADF Foods: Sethi said it is a very strong company, which deals in frozen and read-to-eat foods. The products of this company are also popular in international market, he said.

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1. ADF Foods

Buy Call

CMP - 958.45

Target - 1000

Stop Loss - 910

Talking about its June quarter numbers, Sethi said the company has presented very good numbers in the last quarter. The company has presented profit of Rs 11 crore against Rs 8 crore in the last year in the corresponding quarter. It has strong fundamentals and trades at PE multiple of 35 currently, he said, adding that it is a zero-debt company which boasts of good holdings from FIIs and DIIs.  

2. Saksoft  

Buy Call
CMP - 1081.50  
Target - 1125  
Stop Loss - 1050

Sethi's another pick was Saksoft, an IT sector company which works on Information Management Solutions. He believes that company's fundamentals are very strong and one should buy it with short term horizon.  

Talking about the June Quarter result, the market expert said the company has presented Rs 17 crore profit in June. " Return on Equity of this company is 18%, while promoters jointly hold 18% stake in the software company. It is also available at attractive valuations and one should buy it at current levels," added Sethi.