Stocks to buy: Vikas Sethi has given a buy opinion on D Link India, which is at a rate of Rs 323. It is the country's leading networking products maker.
Stocks To Buy: Only a few days are left for the presentation of the Union Budget. Before this, lethargy is being seen in the stock market. Stock action is being seen in the market on the basis of news.
If you also want to brighten your portfolio in such a market, then there is good news for you. The expert has given a buy recommendation on the stock for short term.
Vikas Sethi of Sethi Finmart has given the opinion of Stocks to Buy on J Kumar Infra and D Link India from the cash market in view of the budget.
These 2 stocks are preferred in the cash market
Vikas Sethi has given a buy call on D Link India, which is priced at Rs 323. It is the country's leading networking products maker.
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The company manufactures routers, switches, network security products, optical fiber products. He told that this company has 3-040% market share in India. D Link India works for AI facility in smart home.
Shares are available at cheap valuations
The government is also focused on digitization, which will benefit the company. The fundamentals of the company are also very strong. RoC is 19% as well as zero debt company.
The company presented strong results in the September quarter. In this, the company's profit was Rs 22 crore, which was Rs 12 crore in the same quarter last year.
D Link India's stock (Stocks to Buy) is also very cheap in terms of valuation. In such a situation, there is a buy opinion on the stock.
This Stock Choice From Infra Sector
Vikas Sethi has picked J Kumar Infra from the second stock infra sector. This company also does projects like Civil Construction, Irrigation Projects, Railway Projects, Road, Highway, Flyover.
Mumbai, Navi Mumbai, Pune Metro projects are also with the company. Metro projects have been announced in many other cities of the country, which will also benefit the company in the coming days.
Stock will remain in focus till the budget
He said that J Kumar Infra works for many private sector companies. This includes L&T, DMRC, PWD. The order book of the company is also tremendous, which is around Rs 11,500 crore.
PAT stood at Rs 67 crore in the September quarter. FIIs and DIIs are also bullish on the company, whose total stake is 22.7%. Vikas Sethi said that the infra sector is going to be in focus (Stocks to Buy) till the budget.
It has a buy opinion on J Kumar Infra. The stock has a short term target of Rs 290 and a stop loss of Rs 265.