E Amazings
  • Home
  • Automotive
  • Business
  • CBD
  • Crypto
  • Education
  • Entertainment
  • Fashion
  • Finance
  • Health
  • Home Improvement
  • Law \ Legal
  • News
  • Shopping
  • Sports
  • Technology
  • Travel
  • Need Help?

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

What Closing Costs Do Home Buyers Have?

February 25, 2023

What Is Realtek HD Audio Manager

February 2, 2023

A Basic Guide To Cell Tower Leasing

February 2, 2023
Facebook Twitter Instagram
E Amazings
  • Home
  • Automotive
  • Business
  • CBD
  • Crypto
  • Education
  • Entertainment
  • Fashion
  • Finance
  • Health
  • Home Improvement
  • Law \ Legal
  • News
  • Shopping
  • Sports
  • Technology
  • Travel
  • Need Help?
Facebook Twitter Instagram
E Amazings
You are at:Home»Business»Stocks to Buy: Vikas Sethi recommends IDFC from F&O, Indo count from Cash Market; know why?
Business

Stocks to Buy: Vikas Sethi recommends IDFC from F&O, Indo count from Cash Market; know why?

By July 1, 2022No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter Pinterest WhatsApp Email

[ad_1]

Market expert Vikas Sethi recommended IDFC July futures and Indo count from Cash Market in a popular TV show ‘Sadabahar Sethi saab’ in conversation with Zee Business Managing Editor Anil Singhvi.

Vikas Sethi  recommended IDFC July futures.

Talking about the company evaluation, Sethi said, The stock is deeply undervalued. The company has a Mcap of 8000 crores. Also, has 36.49 per cent stake in IDFC First Bank with a valuation of approximately 7500 crores.”

A deal was done by IDFC bank with Bandhan Bank association in April to sell the Mutual fund business. The 4500 crores deal is pending for regulatory approval.

See Zee Business Live TV Streaming Below:

The company may declare a hefty dividend post the deal is successfully done.” he said.

The stock was trading at 50 at the time of recommendation.

Sethi  added, “The stock trades at this level after correcting from level of 70.They should be bought at this level, short term target is 54 and stop loss  of 49.”

Sethi  further recommended a cash market stock,Indo count industries,a textile stock.

The stock was trading at Rs 132 at the time of recommendation. 

He said,  that the stock trades at 132 and after correcting from the high of 300. Despite textile stock upheavals previously, textile stocks are ready to grow. Indo count industries is a leading company of home textiles, producing beddings, quilts, pillows , sleeping bangs and other similar products.”

He added,”93% of revenue to the company comes from exports.Fall of rupee in the market is a positive for such textile industries where US is the main market and has 20% share in the bedsheet market.”

Company’s return on capital employed (RoCE) is 30 percent while the return on equity (RoE) is 22 per cent. The March quarter was excellent. The company had a PAT ( profit after tax) of 85 crore this quarter,  compared to 57 crores, last March quarter. Debt equity ratio is low or manageable, he said while commenting on the company’s fundamentals.

Furthermore, he said that the FIIs (Foreign Institutional Investors) and DIIs (Domestic Institutional Investors) hold around 10%. Mukul AGrawal too holds a 1.22 per cent stake.

Sethi added, The stock should be bought at this level. The short term target is of 145,expected to return early and stop loss  of 127.



[ad_2]

Source link

Related Posts

Air Duct Repair 101: Everything You Need To Know

By Corbin BowenFebruary 2, 2023

Advantage LIC? How Budget Insurance Amendment Bill may benefit the PSU insurance giant

By January 5, 2023

LIC offering multiple benefits on premium payment with co-branded credit cards with Axis Bank: Check features, offer

By January 5, 2023

Foreign universities will need UGC’s nod to set up campuses in India

By January 5, 2023
Add A Comment

Comments are closed.

Our Picks

What Closing Costs Do Home Buyers Have?

By Corbin BowenFebruary 25, 2023

What Is Realtek HD Audio Manager

By Corbin BowenFebruary 2, 2023

A Basic Guide To Cell Tower Leasing

By Corbin BowenFebruary 2, 2023
Recent Posts
  • What Closing Costs Do Home Buyers Have? February 25, 2023
  • What Is Realtek HD Audio Manager February 2, 2023
  • A Basic Guide To Cell Tower Leasing February 2, 2023
  • Air Duct Repair 101: Everything You Need To Know February 2, 2023
  • Advantage LIC? How Budget Insurance Amendment Bill may benefit the PSU insurance giant January 5, 2023
  • The Flight Of The Dremel January 5, 2023
  • LIC offering multiple benefits on premium payment with co-branded credit cards with Axis Bank: Check features, offer January 5, 2023
Archives
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • September 2021
Facebook Twitter Instagram Pinterest TikTok
© 2022 E Amazings - All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.