Stock markets are on a high for a few days and then they plunge. Many are expecting a correction soon. The uncertainty is hurting investor sentiment and it is driving many to safe haven investments like gold. However, lending a big helping hand is Zee Business Managing Editor Anil Singhvi, who has roped in a number of top market analysts and they are recommending certain stocks in mid-cap space to buy that promise bumper returns. Revealed today are top stock picks in mid-cap space that will give amazing returns. Three stocks have been named – one each with a short-term, positional medium-term and long-term investment view.
Analyst Sacchitanand Uttekar told Zee Business TV today that he would recommend Swaraj Engine as his long-term Buy. The stock has once again come on the radar in the light of the rural theme. If weekly data is considered, the stock had a lower top and lower bottom and if the structure is viewed from 2019, it appears that there is a breakout from the falling channel. The channel breakout was around Rs 1250.
Even in short term there is a bullish trend on this stock, he said. The stock has moved up by at least 60 per cent from its previous bottom. He put the stop loss at Rs 1210 on a closing basis. The stock should be accumulated for a positional target of Rs 2070.
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#SPLMidcapStocks | शॉर्ट टर्म, पोजीशनल और लॉन्ग टर्म में शानदार कमाई के लिए मार्केट एक्सपर्ट सच्चिदानंद उत्तेकर के 3 बेहतरीन मिडकैप स्टॉक्स#ZBizBazaar #Midcap #MidcapStocks @AnilSinghvi_ @Sacchitananad pic.twitter.com/14TnXEslvX
— Zee Business (@ZeeBusiness) June 30, 2020
In addition, Uttekar recommends Cyient as his positional medium-term mid-cap stock. The stock exhibits bullish trends on monthly as well as quarterly charts. The stock is currently trading at Rs 275.90. A good base has already formed for this stock and it should reach levels around Rs 330, he further said. He puts the stop-loss at Rs 252 on the closing basis.
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And finally, he picked ICICI Securities as his short-term pick. This stock should be a part of the portfolio, he said. On a short term basis investors should put a stop-loss at Rs 445 on a weekly closing basis. There will soon be a breakout which will take the price to Rs 540.