In yet another mid-cap stock recommendation, Zee Business today unveils these some magnificently performing mid-cap stocks, which according to market expert Simi Bhaumik, will earn bumper returns for you. In conversation with Managing Editor Anil Singhvi, the technical analyst chooses stocks from the chemical and auto ancillary segments. Know which stocks she has chosen and why they will be a good bet.
Bhaumik, while speaking to the Market Guru, said that her top pick would be Navin Fluorine with a long term view. The stock has great potential to earn good returns. She advises investors to accumulate this stock at existing levels. The stock is currently trading around Rs 1707. She said that it can also be bought at a dip to Rs 1690. She puts the stop loss at Rs 1600 with a target price of Rs 1850-1900. She expects the price to be achieved in 3-4 months.
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#SPLMidcapStocks | लॉन्ग और शॉर्ट टर्म के लिए मार्केट एक्सपर्ट सिमी भौमिक के बताए दमदार फंडामेंटल्स वाले इन 2 मिडकैप शेयरों में करें निवेश…मिलेगा बेहतरीन रिटर्न#ZBizBazaar #Midcap #MidcapStocks @AnilSinghvi_ pic.twitter.com/2cbqT86gFR
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This analyst picks Balkrishna Industries as her short term pick. This auto ancillary stock has good potential in the near term, she says. Though the stock was trading in the red, when the markets opened in the morning, it recovered later, she said. She advises investors to buy this stock at current levels. The stock is currently trading around Rs 1319. Shen puts the stop-loss at Rs 1290. She says strict targets must be maintained of Rs 1345 and Rs 1355 respectively. The stock should achieve the target in next 4-5 sessions, she said. The stock should be picked in cash with a strict stop-loss, she added.
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Bhaumik’s last week recommendations of Dixon Technologies is already doing well as the stock is trading around Rs 6000. She recommended the stock with a long term view of 4-6 months with a target price between Rs 6400 and Rs 6600. Even Havells India has been a successful call, she said.