Mid-cap Picks with Anil Singhvi: Jay Thakkar picks Automotive Axle, CESC, Advanced Enzymes as top picks today

In a chat with Zee Business Managing Editor Anil Singhvi, market expert Jay Thakkar, Vice President — Equity Research at MFSL today recommended his top three mid cap stock picks for investors to buy, which he said have great potential to earn bumper returns.

Top Stocks To Buy: Automotive Axle  

Thakkar picked Automotive Axle with a long term view. This stock is currently trading around Rs 689. This stock has seen good support around the 200-day moving average. It has been continuously making higher tops and higher bottoms on the weekly charts. There is a good buy crossover on weekly charts. It has been trading in good volumes in the last 1-2 months. He puts the stop loss at Rs 536 and the target price between 1016 to Rs 1100. This is 1000 cr company known for making axles and brakes. The auto sectors looks to be attractive sector now.   

Watch Zee Business Tweet Video Below:

#SPLMidcapStocks | शॉर्ट टर्म, पोजीशनल और लॉन्ग टर्म में दमदार रिटर्न के लिए आज जय ठक्कर किन 3 मिडकैप शेयरों पर हुए बुलिश? जानें यहां
#ZBizBazaar #MidcapStocks @AnilSinghvi_ @JayThakkar22 pic.twitter.com/0M39EHu0Iw

— Zee Business (@ZeeBusiness) September 4, 2020

Top Stocks To Buy: CESC Ltd

The technical analyst’s picked CESC stock as a positional medium term Buy. This stock is currently trading around Rs 612. He puts the stop loss at Rs 538 while the first target price at Rs 740 and next target price at Rs 690. This stock has been in a consolidation phase for the last four months. It has been trading in the range of 100-120 points. This is also a fundamentally strong stock, he said. In terms of valuation it is currently available at cheaper price. Profitability is good and June to September quarter has been good for this stock from a historical perspective.    

See Zee Business Live TV Streaming Below:

Top Stocks To Buy: Advanced Enzymes

Thakkar today picked Advanced Enzymes as a Buy for short term period. This stock is currently trading around Rs 230. He puts the target price at Rs 255 and Rs 270. It has seen a good support around its 200 day moving average. The medium term momentum is positive for this stock, he said.