TOP Stocks to Buy - Analyst Vikas Sethi recommends India Nippon Electricals, GSFC; know what stands out for these stocks

In a chat with Zee Business Managing Editor Anil Singhvi, Market Analyst Vikas Sethi picked two stocks today and both were cash market stocks. The stocks were recommended with a short term view in the popular TV show ‘Sadabahaar Sethi Saab’. Know which stocks he recommended today and why they are likely to give handsome returns to the investors.     

Top Stocks To Buy: India Nippon Electricals           

Analyst Vikas Sethi’s first stock was India Nippon Electricals which was trading around Rs 370 at the time of the recommendation. This is an auto component manufacturer which makes electronic ignition systems, he said. He said that the company has strong fundamentals and the stocks are available at good valuations.  

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The return ratios are good and it is also a zero-debt company, Sethi highlighted.  

The company’s PAT (Profit After Tax) has been growing at a good rate, he said. The promoter holding is around 66 per cent while the Domestic Institutional Investors hold around 7-8 per cent stake. 

He viewed this as a potential buy at the current levels. He puts a short term target price of Rs 390-395 for India Nippon Electricals stocks. He puts the stop loss at Rs 360.  

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Top Stocks To Buy: GSFC        

Another stock picked by him was from the fertiliser sector and he recommended GSFC. This stock has also been recommended by him on a previous occasion too on this channel. He called this a “solid” company in this segment and with the advent of a normal monsoon, this company is expected to gain along with its other peers, he maintained.  

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This stock was trading around Rs 122. He said that the valuations are cheap. The March quarter results were strong and it declared a PAT of Rs 151 cr in this quarter cr as against Rs 61 cr in Q4FY20 and Rs 95 cr in Q3FY21. It is a zero-debt company, he said. 

He puts the target price at Rs 130-Rs135 while the stop loss at Rs 115.