In an interview with Zee Business Managing Editor Anil Singhvi on the popular TV program “Sadabahar Sethi Saab,” market analyst Vikas Sethi advised IDFC July futures and Indo count from Cash Market.
In an episode of the popular TV program “Sadabahar Sethi Saab,” market guru Vikas Sethi recommended IDFC July futures and Indo count from Cash Market while speaking with Zee Business Managing Editor Anil Singhvi.
Sethi stated that the stock is significantly undervalued when referring to the company’s valuation. 8000 crores are the Mcap of the business. furthermore owns a 36.49 percent stake in IDFC First Bank, which is valued at over 7500 crores.
To sell the Mutual fund business, IDFC Bank and Bandhan Bank Association reached a contract in April. The regulatory permission for the 4500 crore acquisition is still pending.
After the purchase is properly completed, the company might issue a sizable dividend, the man said.
At the time of the suggestion, the stock had a price of 50.
“The stock trades at this level after correcting from the level of 70,” continued Sethi.
They should be purchased at this point with a short-term aim of 54 and a loss limit of 49.
Sethi also suggested a cash market textile stock called Indo Count Industries.
The stock price at the time of the suggestion was Rs 132.
The stock, he claimed, is currently trading at 132 after falling from a high of 300. Textile stocks are poised for growth despite prior disruptions. Leading manufacturer of household textiles, Indo Count Industries creates sleeping bags, quilts, pillows, and other like items.
Added he, “Exports provide the corporation with 93 percent of its revenue. For these textile businesses, where the US is the primary market and accounts for 20% of the bedsheet production, the drop in the rupee’s value on the market is beneficial “market.”