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.
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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.
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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.
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