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You are at:Home»Business»Stocks to Buy: Analyst Himanshu Gupta suggests Gokaldas Exports, Sterling Tools, Asahi Songwon for gains; know why!
Business

Stocks to Buy: Analyst Himanshu Gupta suggests Gokaldas Exports, Sterling Tools, Asahi Songwon for gains; know why!

Paul EasterBy Paul EasterJune 21, 2022No Comments2 Mins Read
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Global Capital Market’s Himanshu Gupta picked his favourite midcap stocks today for Short term, Positional and Long term investment. This is what he recommended.

Gupta recommended Gokaldas Exports stock as his Long Term pick. He said that the stock has given a good performance since the last two years and has good fundamentals.

He added that the company has less debt and long term strong support zone at levels between 330-350 and it is a perfect time to buy this stock. Due to market volatility there has been a high level correction but the stock is now near its long term strong support zone 330-350. 

The stock was recommended at a price of Rs. 330-350. He puts a stop loss below 300.

“I feel we can see conservatives targets of 415-425 in the coming 6 months,” said Gupta, indicating that the stock could go up.

See Zee Business Live TV Streaming Below:

On positional basis, Gupta advised a buy on Sterling Tools stocks. The stock has been consolidating at its recent high levels despite the fact that the market is volatile and there have been sell offs in the recent past, he told Zee Business.

The stock was at levels around 220-224 and Gupta advised to investors to go ahead with buying it with a stop loss at Rs 205 on the closing price basis. So one can buy the stocks between these prices.

Himanshu Gupta also added that Rs 270-300 are the positional targets arguing that the risk to reward ratio is favourable at these levels. 

In short term stocks, Asahi Songwon could be a good pick, said Gupta. It has strong fundamentals along with good operating cash flow and low amount of debt, he added. The stock that is currently trending at Rs 475-478 and target for the stock is around 525 rupees.

For Asahi Songwon stock, the stop loss is at Rs 460 rupees, Gupta further said.





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Paul Easter

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