If you are eyeing bumper returns and planning to invest in equities, mid-cap stocks could be a great money-making option for you. Unsure about which mid-cap stocks to buy? Zee Business Managing Editor Anil Singhvi has made the task so much easier for you! To reveal the top picks, we have market expert Manas Jaiswal with us.
Jaiswal recommends Rallis India as his top pick with a long term view. The pattern for this stock has been very interesting with a low of Rs 125 in March. This stock saw a good rebound in the April and May months with prices consolidating between Rs 200 and Rs 225. Since the starting of June, the stock has seen sustained rallies with higher tops and higher bottoms forming on a daily basis.
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He puts a target price of Rs 365 with a long term view of 10-12 months. The stock is currently trading around Rs 274. The stop loss is at Rs 225.
The analyst recommends Unichem Lab as his positional stock with a medium term view. The stock is now prepared for a breakout at Rs 180, he said. The stock traded in good volumes two weeks back. With a view of 1-2 weeks, the stock may reach between Rs 200 and Rs 205, he said. He said that Unichem is a Buy for him and puts the stop loss at Rs 169.
With regards to a short term view, Jaiswal picked Gujarat Pipavav Port Ltd (GPPL). The stock has an in interesting pattern, the technical analyst said adding that it attained a low of Rs 52-53 a few months back but the stock has shown a reversal from there. This stock is also seeing a formation of higher tops and higher bottoms on a regular basis.
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The stock has a potential to touch Rs 92-93 in 2-3 days and investors should not miss the opportunity to buy this stock, he said.