Mid-cap Picks with Anil Singhvi: Revealed! From Yes Bank, Himatsingka to NBCC, this is super-strategy investors should follow

What strategy should investors adopt with Yes Bank stock, whose Follow-on Public Offer (FPO) concluded today? Should the investors book profits after getting the stock at lower valuations or keep it with a long term view. Market analyst Ambareesh Baliga reveals his strategy to Zee Business Managing Editor Anil Singhvi. Also, know which other stocks are his favourites for positional medium term and short term investments.

Top Stocks To Buy - Yes Bank

Baliga picked Yes Bank as his top stock pick with a long term view. The biggest positive for this stock happened in March 2020, when it witnessed a fixed and normal deposit worth over Rs 1 lakh cr despite the moratorium in place. Usually, after the moratorium the banks are short on deposits. The management of the bank has even said that the April deposits are higher than the last 12 months monthly deposits. 

The stock is currently trading around Rs 18.75. The Provisioning Coverage Ratio for the bank is nearly 74 per cent – which is highest among all banks. The current management of the bank is professional which does not need to hide anything. Moreover, top FIIs including Tilden Park have put money in the company.

Ambareesh Baliga's advice to investors who have bought into the FPO should not sell the stock for profit. Yes Bank stock should be held with a long term view. He puts the target price between Rs 22 and Rs 40 over the next 18-36 months.

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#SPLMidcapStocks | शॉर्ट टर्म, पोजीशनल और लॉन्ग टर्म में दमदार रिटर्न के लिए मार्केट एनालिस्ट अंबरीश बलिगा के 3 बेहतरीन मिडकैप PICK#ZBizBazaar #Midcap #MidcapStocks @AnilSinghvi_ @ambareeshbaliga pic.twitter.com/p0X0GVOvfA

— Zee Business (@ZeeBusiness) July 17, 2020

 Top Stocks To Buy - Himatsingka

 Ambareesh Baliga picked Himatsingka with a positional medium term view. It has the largest capacity in the world for producing quality upholstery fabrics. The period between 2015 and 2018 which was the turnaround period for the company saw its shares trading between Rs 40 and Rs 400. It has seen an 85 per cent correction now and is trading around Rs 59. The growth between 2015 and 2019 has been at CAGR of 23 per cent. It has a strong brand portfolio. The stock should be bought at current levels. The medium term target price is Rs 90.

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Top Stocks To Buy – NBCC

Baliga picked NBCC with a short term view. The stock is currently trading around Rs 25. He puts the target price at Rs 28 with a stop loss at Rs 23.