Bazigar Investment Bets on 2 Smallcap Stocks Post Q4 Results: Check targets, stop losses and other details

Bazigar Investment stock recommendations: Anil Singhvi likes Zaggle Prepaid and Raymond after good quarterly results.

Anil Singhvi stock recommendations: As the market sentiment remains slightly cautious after the PM Modi's speech, Nifty50 has erased some of the sharp gains logged in the previous session. As we write, Nifty50 at around 10:48 am was down 0.9 per cent - holding on to 24,700 levels. 

 

So, given the momentum and March quarter earnings, Zee Business Managing Editor Anil Singhvi has recommended to buy two stocks in the cash segment. Primarily, the stock recommendations come after both the company's good quarterly results.

Zaggle Prepaid Ocean Services:

Anil Singhvi likes the smallcap stock from the Information Technology space - Zaggle Prepaid. The company posted strong quarterly numbers- with revenue soaring 51 per cent on-year to Rs 412 crore, while bottomline expanded 63 per cent to Rs 31 crore in the March quarter.

On the operational front, the company's EBITDA rose 33 per cent on-year to Rs 36 crore, while the margin saw a drag to 8.7 per cent.

Buy Zaggle Prepaid Ocean Services for target of Rs 371/ 375/ 380

Anil Singhvi recommended buying the stock for gains of as much as 3.5 per cent, keeping a stop loss of Rs 360. The expert noticed that the only risk for the stock is that it rose 8 per cent yesterday.

Zaggle Prepaid Ocean Services is a B2B2C fintech software as a service (SaaS) company. The company’s core product portfolio are Zoyer, Save, Propel, CEMS, and Zaggle Payroll Card

Raymond:

The market wizard is bullish on lifestyle to realty major Raymond. The company came up with strong results according to Singhvi. Operational profitability at the concern increased 90 per cent on-year, while revenue rose 110 per cent.

The expert also mentioned that even though profit has taken a hit year-on-year it is due to adjustments.

However, pointing to the only pitfall, Singhvi mentions that the stock rallied 8 per cent in the previous session.

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Buy Raymond for target of Rs 1,590/ 1,610/ 1,625| Stop Loss: Rs 1,550

The expert has recommended  buying the stock for gains of over 3 per cent, taking the most bullish target price.