Stock markets have been on a roller-coaster ride for quite some time, but what has kept things going is the ample liquidity. In this situation, identifying the real great stocks that promise superb returns is a tough job. Zee Business Managing Editor Anil Singhvi has stepped in to help investors through this precarious journey. Over several days now, Zee Business has been suggesting stocks in the mid-cap space that have a tremendous potential, which investors could look at and today we reveal more such amazing picks.
Market Guru Anil Singhvi has created a panel of experts who have charted sectoral trends and researched the fundamentals of these companies before suggesting their top picks. Taking this exercise forward, the channel today spoke to market expert Rajat Bose. He has named his top buys with long-term, positional medium-term and short-term view.
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Bose, while speaking to Zee Business Managing Editor Anil Singhvi, said that his long term buy is in agriculture sector. He recommended EID Parry. The Earnings Per Share (EPS) is Rs 50 with a book value of Rs 250. The current stock price which is around Rs 289 is 1.4 times the book value. The company has reduced its debt from Rs 1977 cr to Rs 832 cr. The company is very good and boasts strong fundamentals. It has five units in Southern India. EID Parry stock is still undervalued and has the potential to reach between Rs 390 – Rs 475. The stock should be bought at existing levels or on dips. He puts the closing stop-loss at Rs 240 with a one year view on the stock.
Bose’s stock for positional trade is BHEL. The stock has seen good accumulation since May and has seen an uptick. There is a likelihood of good medium term movement in the stock. The BHEL stock, which is currently trading around Rs 36 may reach a target of Rs 55, he added. Considering the volatility in the markets, he advises investors to put a stop loss at Rs 27. The target should be achieved in three months.
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This analyst picked Orient Electric as his short-term buying bet. The stock has seen a rally after making a double dip in May. This rally gave a 25 per cent appreciation to the stock. The stock is currently trading around Rs 201. The target price is between Rs 224 and Rs 230. The stop-loss is at Rs 190 on a closing basis.