Mid-cap Picks with Anil Singhvi: Just check out these 3 fabulous money-making shares to buy that Sameet Chavan just picked
Zee Business Managing Editor Anil Singhvi has been batting aggressively for the mid-cap stocks as they are low volume shares and they are expected to give fast upside movement during the recovery.
Amid pull-back recovery of the stock market, Zee Business Managing Editor Anil Singhvi has been batting aggressively for the mid-cap stocks as they are low volume shares and they are expected to give fast upside movement during the recovery mode of the indices. However, stock picking is a tough job and all caution must be exercised in the process to cover all the facets involved before coming to a decision. While doing the same on Zee Business TV, Singhvi asked for the three mid-cap picks from market expert Sameet Chavan and he responded with these three shares to buy — Lumax Industries, APL Apollo and Sterlite Technologies.
Asked about his long-term mid-cap pick Sameet Chavan said, "my long-term mid-cap pick is Lumax Industries. The stock is available at a discounted price and one can buy the counter around Rs 1200 per stock levels for the target of Rs 1450 to Rs 1500 per stock mark. It is expected to showcase the given target in two-three months time horizon. However, I would suggest investors to maintain stop loss at Rs 1035 per stock levels."
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When Singhvi asked about the short-term and mid-term mic-cap picks from Chavan, the market expert replied, "My mid-term positional pick is APL Apollo. The way this counter has shown rally in recent sessions, its volume participation has gone up and after the consolidation, the APL Apollo has once again started to pick up. Hence, I recommend APL Apollo to buy at current Rs 1800 per stock levels for the target of Rs 1,950 per stock mark. the time horizon for the target to meet would be around one month. But, one must maintain the stop loss at Rs 1,680 per stock levels."
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On short-term mid-cap pick, Chavan said, "One can buy Sterlite Technologies as it has recently shown a breakout when it sustained above Rs 120 to Rs 122 per stock levels. I would recommend investors to buy this counter at current Rs 129.50 mark for the target of Rs 143 to Rs 144 maintaining the stop loss at Rs 122.40 levels."
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