In todays edition of popular TV show Sadabahaar Sethi Saab show, Market Analyst Vikas Sethi said that the corrections in markets should be seen as running corrections and should be stock specific while making buys. He recommended two stocks one each from the cash market and futures and options (F and O). Both the stocks have been recommended for buying with very short term perspective. Know which stocks are these and why this analyst picked them.
Top Stocks To Buy: Subros
Analyst Vikas Sethis first stock was Subros which he said is a leading car components company. It is the largest car condition company in India. The clientele is very good he said with Maruti as one of its clients. The fundamentals o this company are quite strong, he further said. The company management is also very good, Sethi said
See Zee Business Live TV Streaming Below:
He said that the auto components companies are expected to do well. Subros is currently trading around Rs 344. He recommended buying in this stock at levels around Rs 335. His target price is Rs 355. It is also good with a long term view.
Top Stocks To Buy: Tata Motors
Another stock picked by him was from the F and O space and from the auto sector. This stock is Tata Motors, which was recommended by him on previous occasions. The February futures are trading around Rs 331. He said that there were many triggers in this stock. The company beat market expectations and its asset quality has also improved. The mid-size banks are seeing a good phase, he further said.
Watch Zee Business Tweet Video Below:
Zee Business (@ZeeBusiness) February 17, 2021
It should be bought at existing levels. The very short term target are Rs 165 and Rs 170. One of the triggers is the companys focus on electric vehicles. The company is also focusing on debt reduction.
The immediate short term target price is Rs 345. He puts the stop loss at Rs 325.