Mid-cap Picks with Anil Singhvi: As Sacchitanand Uttekar picks ring cash registers, check out his top 3 stocks to buy today
In his conversation with Zee Business Managing Editor Anil Singhvi today, stock analyst Sacchitanand Uttekar today recommended three mid cap stocks, which he said will give good returns to investors. These stocks have been recommended with a long term, positional medium term and short term views
In his conversation with Zee Business Managing Editor Anil Singhvi today, stock analyst Sacchitanand Uttekar today recommended three mid cap stocks, which he said will give good returns to investors. These stocks have been recommended with a long term, positional medium term and short term views and Uttekar gives the Market Guru reasons why he thought they were top stocks to buy.
Top Stocks To Buy: Thyrocare
Uttekar picked Thyrocare as his top Buy with a long term view. The July month has been very interesting for this stock if one looks at the charts. All-time high of Rs 871 for this stock was achieved in July 2017 and from there a correction started which lasted till July 2019. The stock has seen a rebound from its triangular formation base. The stock is currently trading around Rs 618. He recommends accumulation of the stock from current levels. He puts the stop loss around Rs 500 on a closing basis while the target price of Rs 920-940. This is a 9-12 month view.
Watch Zee Business Tweet Video Below:
#SPLMidcapStocks | शॉर्ट टर्म, पोजीशनल और लॉन्ग टर्म में शानदार रिटर्न के लिए सच्चितानंद उत्तेकर के मजबूत फंडामेंटल वाले 3 बेहतरीन मिडकैप स्टॉक्स#ZBizBazaar #Midcap #MidcapStocks @AnilSinghvi_ @Sacchitananad pic.twitter.com/yQIi6jru5r
— Zee Business (@ZeeBusiness) July 21, 2020
Top Stocks To Buy: Jyothi Labs
The analyst picked Jyothi Labs with a positional medium term view. On looking at the monthly charts, it appears that the stock has been making lower top and lower bottom since 2018. The stock is currently trading around Rs 126. The weekly charts show a rising tree pattern, suggesting a continuation. He said that the stock should be on hold for the next 3-4 weeks. He puts the stop loss at Rs 115 on a closing basis. He puts the target price around Rs 160.
Top Stocks To Buy: MCX
As for the short term view, Uttekar picked MCX. He recommends a buy and puts the stop loss at Rs 1350. The stock is currently trading around Rs 1514. An intermediate target will be around Rs 1660. It can go up to Rs 1880, he said.
See Zee Business Live TV Streaming Below:
On his previous recommendations, he advised investors to hold on to BASF stock as it was doing well. The rally is likely to take the stock price to Rs 1620 from the current levels of Rs 1351. Other stocks like ICICI Securities, Alkem Labs, which were recommended with short term view, have achieved their targets, he said and that will surely be music to the ears of the investors.
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.
RECOMMENDED STORIES
Power of Compounding: How many years will it take to reach Rs 3 crore corpus if your monthly SIP is Rs 4,000, Rs 5,000, or Rs 6,000
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
Reduce Home Loan EMI vs Reduce Tenure: Rs 75 lakh, 25-year loan; which option can save Rs 25 lakh and 64 months and how? Know here
Top 7 Large and Mid Cap Mutual Funds with Best SIP Returns in 5 Years: No. 1 fund has turned Rs 15,000 monthly SIP investment into Rs 20,54,384; know about others
08:51 PM IST