Mid-cap Picks with Anil Singhvi: Analyst Sacchitanand Uttekar picks these 3 top stocks to buy
Sacchitanand Uttekar recommends Procter & Gamble as his long term pick in the mid-cap space. The stock has been in a secular bull run, he tells Zee Business Managing Editor Anil Singhvi
Thinking of a good mid cap stock in the Fast Moving Consumer Good (FMCG) space? How about stocks in the logistics sector, consumer and specialty chemical sector? Don’t worry, if it is bumper returns that you want, then our market expert Sacchitanand Uttekar has the answers for all your questions. In today's chat with Zee Business Managing Editor Anil Singhvi. Uttekar reveals his top 3 stocks in these sectors.
Uttekar recommends Procter & Gamble as his long term pick in the mid-cap space. The stock has been in a secular bull run, if an overall structure of this stock is looked at, Uttekar said.
Watch Zee Business Tweet Video Below:
The stock has seen an 8-year regular cycle. The latest cycle began in 2016 with a good range formation in June 2019. This indicates a consolidated pattern formation in the stock. This stock should be accumulated in SIP mode, Uttekar said. The stock should achieve levels around Rs 6000 in the next two years, he said. P&G stock is currently trading around Rs 4225. He puts the stop loss at Rs 3400 on a closing basis. The company has strong fundamentals.
Uttekar picks Blue Dart Express Services as his positional medium term Buy. The overall performance of this stock suggests that it made a double top formation in 2015. It has seen a correction of 80 per cent from there. The stock has been in a sequence of lower top and lower bottom. The technical charts show that the existing downward trend in this stock is towards termination. He recommends a Buy on the stock.
The stock is currently trading around Rs 2015. The analyst puts an indicative stop loss at Rs 1640 on closing basis while the target price at Rs 2640. He however, advises the investors to review the stock at this level.
See Zee Business Live TV Streaming Below:
As for short term pick, Uttekar recommends a Buy on Pidilite. The stock has a good potential. Pidilite is likely to reach Rs 1540. It is currently trading around Rs 1416. He puts the stop loss at Rs 1370 on a weekly closing basis.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.