Mid-cap Picks with Anil Singhvi: Advanced Enzyme, Insecticides India, IDFC First Bank are Rajat Bose picks for good returns

In yet another episode of Special Mid-cap Stocks show, market expert Rajat Bose today recommended three stocks to buy with a long term, positional medium term and short term views. While, speaking to Zee Business Managing Editor Anil Singhvi, he revealed why these stocks hold promise for investors. In a disclosure, he also informed that two of the stocks recommended by him were part of his own portfolio. Know which these stocks are! 

Top Stocks To Buy: Advanced Enzyme   

Bose today picked Advanced Enzymes as his long term buy. It is one of the leading manufactures in this segment. The performance of this company was muted in the last March quarter. Its EBIDTA margin is quite high at around 40 per cent, which is a positive for this company. The demands for enzymes is growing and it is placed well to become one of the leading companies in this segment, he said. It is an almost zero debt company. The share price has picked up from Rs 98 in March to around Rs 208 now and it is now in a comfortable position to grow from here. His first target price is Rs 280 while the second target price is between Rs 325 and Rs 350. He recommends a buy at existing levels or decline. He puts the stop loss at Rs 160. Bose has this stock in his portfolio. 

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#SPLMidcapStocks | शॉर्ट टर्म, पोजीशनल और लॉन्ग टर्म के लिए दमदार फंडामेंटल वाले रजत बोस के 3 बेहतरीन मिडकैप स्टॉक्स#ZBizBazaar #Midcap #MidcapStocks @AnilSinghvi_ @rajat_bose pic.twitter.com/sc3NypBaB1

— Zee Business (@ZeeBusiness) August 13, 2020

Top Stocks To Buy: Insecticides India

This analyst picked Insecticides India as his positional medium term Buy. This stock was seeing a downtrend for 2-3 years, which has now ended. The stock is currently trading around Rs 477. He puts the target price at Rs 564 and Rs 603. This is a 3-6 months target, he said. This stock is also in his portfolio. He puts the stop loss at Rs 445.  

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Top Stocks To Buy: IDFC First Bank 

As for the best short term pick, Bose picked IDFC First Bank, which he said is a small company. The stock look promising on the charts, he said. It shows that it has crossed its 200-day moving average and has been able to sustain at those levels. This stock is currently trading around Rs 30. He puts the stop loss at Rs 27 while the target price between Rs 38.75 to Rs 40.50. The short term view is between 5 days and 5 weeks.