Mid-cap Picks with Anil Singhvi: Century Plyboards, Bajaj Electricals and Titagarh Wagons are stocks to buy, this is why

Markets ended flat today after a big positive move on Thursday. The volatility is very much there, but the momentum is mostly positive as is seen in the pull-back rally by stocks. In this situation, Zee Business Managing Editor Anil Singhvi has been identifying an recommending certain stocks to buy in the special mid-cap stocks show. Today, market analyst Ambareesh Baliga revealed 3 stocks which he said have the potential to give high returns to the investors. Know which stocks are his favourites for positional medium term and short term investments in this segment.

Top Stocks To Buy – Century Plyboards India

Baliga picked Century Plyboards India as his top stock pick with a long term view. It is a market leader in this segment. He expects a strong recovery in the laminates and MDF segments despite a slowdown because of the coronavirus pandemic. The small players in this segment have suffered hugely because of the pandemic and that likely means there will be less competition, which will benefit Century Plyboards, he said. However, he did say that there could be immediate problems in 1-2 quarters, but eventually things will get better. There is a good export opportunity existing for the company. The share price of Century Plyboards is currently around Rs 126. The EPS for FY22 is expected to be 9.5. He puts the target price at Rs 190.

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#SPLMidcapStocks | शॉर्ट टर्म, पोजीशनल और लॉन्ग टर्म में शानदार रिटर्न के लिए मार्केट एनालिस्ट अंबरीश बलिगा ने आज किन 3 मिडकैप स्टॉक्स का चुना?#ZBizBazaar #Midcap #MidcapStocks @AnilSinghvi_ @ambareeshbaliga pic.twitter.com/lvdAGAzvIH

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Top Stocks To Buy – Bajaj Electricals

Baliga picked Bajaj Electricals stock with a positional medium term view. The company is into the business of mass market electrical appliances. Their focus is mainly on kitchen appliances. They have a large distribution network which covers 94 per cent of the districts in the country. They have over 2 lakh retailers. The company has a 15 per cent market share in this segment. He puts the target price for this stock at Rs 525. The stock is currently trading around Rs 415.

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Top Stocks To Buy – Titagarh Wagons

Baliga picked Titagarh Wagons with a short term view. The company is a market leader in railway wagons. It has the largest capacity of 8400 wagons, he said. The dedicated freight corridor is likely to get completed by December 2021 or early 2022. The demand for wagons will go up after that. The company reduced its debt in third quarter of the last financial year. They also have a big order for Pune metro.  The stock is currently trading around Rs 41. He puts the short term target price at Rs 48 while a medium term target price at RS 74.