1 PSU and 1 Short Term Small Cap Stock Buy Idea by Vikas Sethi on Muhurat Trading

On the special occasion of Muhurat Trading today, which marks the beginning of Samvat 2081, Vikas Sethi, Managing Director of Sethi Finmart, suggested two short-term stock picks. Importantly, we entered the new Samvat – a new year in the Hindu tradition on a solid note, with the Nifty trading around 0.45% above 24,300 levels. Meanwhile, the broader markets outperformed the major indices, with the Nifty Smallcap 100 index up over 1%.

Below are 2 of Vikas Sethi’s stock recommendations

VST motor cultivators

The analyst recommended the stock on the back of the company’s strong sales figures for October. For the scrip, the analyst has pegged a target of Rs 4,650 by Monday i.e. November 4, implying a rise of over 4% in 2 days.

The recommended stop loss for the same is Rs 4,410.

The smallcap company with an m-cap of is engaged in the production of tillers and tractors.

NBCC

Another stock on his recommendation list today is PSU company engaged in construction business. For the same, the expert has given a target of Rs 102 with a stop loss of Rs 94.

Overall, experts remain bullish on India’s growth story and expect indices to deliver mid-double-digit returns over a 12-month period. Aditya Agarwal, head of derivatives and technical analysis at Sanctum Wealth, however, from a short-term perspective, expects the market to remain volatile with a 4-5 percent correction.