Mid-cap Picks with Anil Singhvi: Linde India, Navin Fluorine and Rites picked by Rajat Bose as stocks to buy

As the Nifty gained over 169 points and Sensex shot up by 629 points on Thursday,  market expert Rajat Bose, while speaking with Zee Business Managing Editor Anil Singhvi on the special Mid-cap Picks show, has recommended Linde India, Navin Fluorine and Rites Ltd for long-term pick, positional trade and short-term, respectively. He explains why and the strategy that investors can implement to generate best returns for themselves.  

Long-term pick: Linde India 

Market expert Rajat Bose has picked Linde India as his long-term pick. He said Linde India, which was trading around Rs 795, tried to cross Rs 800-mark twice in the past two years. Bose said weekly and monthly chart pattern of the stock suggests that it is very much likely to breach the Rs 800 level in the third attempt. He said within one year to 15 months, it will test the levels of Rs1040 to Rs 1100. Bose said to maintain a stop-loss of Rs 700 or less. Saying the company has strong parentage, Bose maintained that Linde India could be held in portfolio for long-term with the view of getting good returns.  

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Positional stock: Navin Fluorine 

He suggested specialty company Navin Fluorine, which was trading around Rs 2158, for positional trading. Bose said the stock made a new high in February last year and witnessed correction temporarily when market fell in the initial phase of the corona-induced lockdown, however, it never tested new low and continued to rally. He said the long-term uptrend will continue and the stock will test a new high in medium-term. Calling it a well-performing and fundamentally strong company, he suggested to maintain a stop-loss of Rs 2040 and gave the target of Rs 2440-2675 in six-month horizon. 

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Short-term pick:  Rites Ltd 

Picking Rites Ltd for short-term pick, Bose said the stock is poised to touch the level of Rs 275 in short term. He said once the share price will cross Rs 258, it will easily reach Rs 265-268 level. It might face some resistance around that level due to supply pressure but eventually it will touch Rs 275-mark, the market expert said, while asking to stay in the trade by maintaining a stop-loss of Rs 240-245.