Mid-Cap Picks With Anil Singhvi: 3 top stocks to buy – JBM Auto, IRB Infra and Sonata Software

Your favourite business channel Zee Business always wants you, as an investor, to reap bumper returns from your smart investments in the stock markets, and that's why Zee Business Managing Editor and Market Guru Anil Singhvi suggests best stocks to buy through his panel of eminent market voices and share bazaar experts.

Today, the Market Guru spoke to Himanshu Gupta, Market Strategist to know the latter's Short Term, Positional and Long Term mid cap stock picks having strong fundamentals for reaping excellent returns. And, here we list them all:

Stocks to Buy: Long term pick – JBM Auto

Revealing his Long Term Mid Cap Stock Pick, Himanshu Gupta said JBM Auto should be bought at a current market price of Rs 245 with target of Rs 290 – Rs 300 in 2 to 3 months with a stop loss of Rs 230. The stock has relatively outperformed and shown good strength in the last few days. Witnessing the buy in Auto ancillary space it seems momentum is returning back in Auto Ancillary sector. Stock has tried to move above Rs 240 – Rs 245 range but failed decisively. Stock is consolidating for the past 15 to 20 days in tight range. Strong price action, delivery volumes and leading indicator setup gives strong conviction that this time it will break the resistance zone and move higher towards Rs 300 levels.

Stocks to Buy: Positional Mid Cap Stock Pick – IRB Infra

Suggesting his Positional Mid Cap Stock Pick, Himanshu Gupta said IRB Infra should be bought at current market price of Rs 108 with a positional target of Rs 132 – Rs 134 in 4 to 6 weeks. This stock can eventually rally to Rs 150 from here. IRB has multiplied 3 times from March lows, it has clearly outperformed in Infra space. The stock has fallen from Rs 135 to Rs 100. Technically after consolidating for a few days the stock can gain momentum and resume its upward journey. Also, according to the announcements made by the Government, ongoing projects whose payments have been delayed should be paid before 31st March. This will not only improve the cash flow position of the company but also benefit them.

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Stocks to Buy: Short Term Mid Cap Stock Pick – Sonata Software

Explaining his Short Term Mid Cap Stock Pick, Himanshu Gupta said Sonata Software should be bought at current market price of Rs 355 – Rs 356 with short term target of Rs 380 – Rs 400 and stop loss of Rs 340. Yesterday this stock gave a multi-year breakout. In 2018 – 2020 this stock tried to cross Rs 340 mark but failed to do so. After consolidating in tight range for a few months, the stock has witnessed a decisive breakout. The stock is now seeing strong volumes with positive crossover breakout. Rs 340 – Rs 345 zone which was a strong resistance would now act as a support zone for this stock, any dips till Rs 350 this stock should be added for short term gains. The I.T. sector is trading extremely strong and witnessing strong momentum in I.T. stocks.

#SPLMidcapStocks: Short, Positional, Long Mid Cap Stocks is a show hosted by Market Guru Anil Singhvi where he speaks to market experts to give valuable insights to investors.

(Authored by Rahul Kamdar)