Mid-cap Picks with Anil Singhvi: 3 stocks Jay Thakkar says pack massive potential

Analyst Jay Thakkar of Anand Rathi Securities today recommended his top three mid cap stock picks for investors to buy, which he said have great potential to earn bumper returns. Know which stocks he suggested while speaking to Zee Business Managing Editor Anil Singhvi.

Top Stocks To Buy: Ajanta Pharma

Thakkar picked Ajanta Pharma with a long term view. The stock today was up by almost 1.5 per cent in intraday trade. It has been consistently giving higher tops and higher bottoms. The monthly and quarterly charts show a lot of strength in the stock. It is currently trading around Rs 1484. The first target price is Rs 1640 which can go on to achieve Rs 1820. The medium to long term support for this stock is around Rs 1290 which should be seen as a stop loss level.

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#SPLMidcapStocks | शॉर्ट टर्म, पोजीशनल और लॉन्ग टर्म में किन मिडकैप शेयरों से होगी दमदार कमाई? जानिए मार्केट एक्सपर्ट जय ठक्कर की 3 शानदार मिडकैप PICK#ZBizBazaar #Midcap #MidcapStocks @AnilSinghvi_ @JayThakkar22 pic.twitter.com/NNgtMIlIkG

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Top Stocks To Buy: CCL Products (India) Limited

The technical analyst’s second pick was CCL Products. The medium to long term structure is quite strong. This stock suffered a slowdown since 2017 - it has been there in the bear market for over 3 years. This is now coming to an end and we can see a new bull run from here, he said. The stock is currently trading around Rs 252. The medium term target of this stock is around Rs 290, he said. If the stock crosses this level, it could reach to a level around Rs 320. He puts the stop loss at Rs 234. He has a 6-9 month view on this stock.

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Top Stocks To Buy: Hindustan Aeronautics Ltd

Thakkar today picked Hindustan Aeronautics Ltd (HAL) as a Buy for short term period. This PSU stock is currently trading around Rs 937. The first target price for this stock is is Rs 975 while the second target price is Rs 990. The support for this stock is around Rs 915. On daily charts, this stock has done a 38 per cent retracement from its previous move. An upside wave of this stock has already started, he added.