Mid-cap Picks with Anil Singhvi: SCI, Godrej Agrovet, Alkem, are top stocks to buy for Sacchitanand Uttekar
Thinking of a good mid cap stock in the public sector space? How about a stock in the agri-business sector or pharmaceutical sector? Zee Business Managing Editor Anil Singhvi has long been batting for investors and he has got analyst Sacchitanand Uttekar to reveal his 3 stocks to buy in these sectors to provide solid returns on money invested
Top Stocks To Buy: Thinking of a good mid cap stock in the public sector space? How about a stock in the agri-business sector or pharmaceutical sector? Don’t worry if these question are occupying your mind and you remain undecided about where to put your money to get bumper returns. Zee Business Managing Editor Anil Singhvi has long been batting for investors and he has got analyst Sacchitanand Uttekar to reveal his 3 stocks to buy in these sectors to provide solid returns on money invested.
Top Stocks To Buy: Shipping Corporation of India
Uttekar told Zee Business TV today that he would recommend Shipping Corporation of India (SCI) as his long term pick. The data since 2013 suggests spectacular moves shown by the stock. In the last three years, the stock has shown strong position in charts. A double bottom formation has been established, he said. Now, a bullish trend has established for the stock. The SCI stock has also see significant volume action, Uttekar said. SCI is currently trading around Rs 60. The stock may reach levels around Rs 100 in the next few years. He puts the stop loss at Rs 47 and a target price of Rs 80.
Watch Zee Business Tweet Video Below:
Top Stocks To Buy: Godrej Agrovet
Uttekar picks Godrej Agrovet as his positional medium term Buy. The stock has seen a rebound after witnessing a downward trend since 2017, he said. The stock is currently trading around Rs 444. The bullish sequence must continue for 1-2 months. The upper end of the existing pattern is around Rs 505 and this level will likely be revisited.
He recommends accumulating the Godrej Agrovet stock gradually. He puts the stop loss at Rs 405 on a closing weekly basis. The outperformance is expected to continue and the stock will swing between Rs 520-540, the analyst said.
See Zee Business Live TV Streaming Below:
Top Stocks To Buy: Alkem Laboratories
As for short term pick, Uttekar recommends a Buy on Alkem Laboratories. The chart shows a symmetrical triangle formation and a breakout was established around Rs 2400. There are clear indications of outperformance and a stable trend. The stock is likely to reach Rs 2600. It is currently trading around Rs 2425. He puts the stop loss at Rs 2340 on a weekly closing basis.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.