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Home > Stock Market > Mid-cap Picks with Anil Singhvi: Sacchitanand Uttekar highly bullish on Bombay Dyeing, Thermax and Arvind Smartspace

Mid-cap Picks with Anil Singhvi: Sacchitanand Uttekar highly bullish on Bombay Dyeing, Thermax and Arvind Smartspace

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Mid-cap Picks with Anil Singhvi: During extremely volatile August series  where Indian indices are trading higher with reasonable upside movement now, Zee Business Managing Editor Anil Singhvi has been batting strongly in favour of mid-cap and small-cap stocks. In this bid, the Market Guru today asked Sacchitanand Uttekar, Deputy Vice President at Tradebulls Securities about his top three picks and Utttekar replied with Bombay Dyeing, Thermax and Arvind Smartspace shares to buy.

Speaking on the long-term picks, Sacchitanand Uttekar told Anil Singhvi, “My long-term pick of the day is Arvind Smartspace. After making top in January 2018, this stock has been going down for successive 10 quarters but in the last two quarters, it has shown positive movement and in next three to four quarters, this positive swing is expected to continue. I recommend stock market investors to buy Arvind Smartspace shares at Rs 94-95 levels for the target of Rs 140-145.” 

Uttekar said that Arvind Smartspace share price will hit the given target in next six to nine months and advised investors to maintain weekly stop loss at Rs 78 per stock mark.

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On his positional pick of the day, he said, “My positional pick is Bombay Dyeing. One can buy Bombay Dyeing shares at 58-69 per stock levels for the target of Rs 90. However, while taking position in Bombay Dyeing stock, one should maintain the stop loss at 61 per share levels.”

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When Anil Singhvi asked about his short-term pick of the day Sacchitanand said, “My short-term pick of the day is Thermax. After ten weeks consolidation, Thermax shares have shown a positive breakout and one can now buy this counter at current levels for the target of Rs 900 to Rs 920 per share levels.” However, Uttekar strongly recommended the stop loss at Rs 770 while taking any buy position in the Thermax shares.



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