Zee Business Managing Editor Anil Singhvi, in the latest episode of ‘Sadabahaar Sethi Saab’ show, spoke to market analyst Vikas Sethi and asked him to reveal his top picks that can generate good returns for investors. Sethi gave two calls today—one from the cash market and another from F&O space.
Cash Market Pick: Techno Electric price target is Rs 340 with stop-loss of Rs 305
The company caters to the power and infra segment. The company provides comprehensive Engineering, Procurement and Construction (EPC) services to core sector industries in India. The company also does operation maintenance contracts for Power companies. The company is at the top of Engineering, Procurement and Construction (EPC), asset ownership and operations and maintenance services in the three industry segments of generation, transmission and distribution. The company concentrates on them through EPC services, renewable power generation and Public-Private Partnership (PPP) projects.
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Techno Electric has an order book of Rs 2500 cr and it has excellent fundamentals. The profit of the company improved to Rs 56 cr in Q3 FY21 vs Rs 32 cr in Q3 FY20. The company has already made a profit of Rs 117 cr in 9 months of FY21 which is almost equal to the profit it made in FY20. The operating margins of the company are 25% and it is a Zero Debt company. Return Ratios of the company are extremely good. The company has registered growth of 45% in the last 3 years in its PAT. The target on the stock is Rs 340 in short term with stop loss of Rs 305.
शॉर्ट टर्म में ये शेयर कराएंगे दमदार कमाई…
— Zee Business (@ZeeBusiness) April 6, 2021
Futures and Options Market: RBL Bank Futures price target is Rs 220 with stop-loss of Rs 205
Banking stocks will remain in focus as tomorrow is RBI Policy announcement. RBL Bank declared the Q4 FY21 updates of the Business and the numbers were extremely strong. The deposits, Advances and CASA numbers have seen good recovery on the upside. RBL Bank said when compared to the last 16 quarters, Q4 FY21 was the best performing quarter. The CASA Ratio stood at 31.8%, which is the highest ever number. RBL Bank Futures should be bought with a target of Rs 220 and stop-loss of Rs 205.