Mid-cap Picks with Anil Singhvi: See analyst Rajesh Palviyas top 3 picks today
Market analyst Rajesh Palviya today recommended three more mid-cap stocks for viewers in a chat with Zee Business Managing Editor Anil Singhvi, which he said will earn investors good return. He picks mid cap stocks from pharmaceutical and cement sectors along with a popular luggage manufacturing company
Market analyst Rajesh Palviya today recommended three more mid-cap stocks for viewers in a chat with Zee Business Managing Editor Anil Singhvi, which he said will earn investors good return. He picks mid cap stocks from pharmaceutical and cement sectors along with a popular luggage manufacturing company.
He has previously recommended stocks Polyplex Corp, Nocil and Minda Industries, Quick Heal and Century Ply as top stocks to buy to Zee Business viewers.
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Top Stocks To Buy: Caplin Point
Palviya said that his long term pick was Caplin Point, a stock from the pharmaceutical sector. The stock has seen a base formation after correction in the prices. It has made a good base in the last 2-3 month between Rs 280 and Rs 300. The stock is ready to scale new highs from here. He said that the stock should be bought at existing levels or on a minor downward correction. He puts the stop loss at Rs 355. The stock is currently trading around Rs 375. He said that the weekly charts suggest that the stock may reach levels between Rs 440 and Rs 460.
Top Stocks To Buy: VIP Industries
The technical analyst picked VIP Industries as his positional medium term Buy. The weekly charts suggest a breakout after a 15-20 week consolidation pattern. It is trading above the 100-day moving average. The stock is currently trading around Rs 290. It will see a good momentum from here and may achieve a target price between Rs 320-Rs 330. He puts the stop loss at Rs 270. The stock should be purchased in the range between Rs 275 and 285. His view is for a period of 1-2 months.
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Top Stocks To Buy: JK Cement
As for short term, Palviya picked JK Cement. The stock has already seen a breakout from the previous high of Rs 1490. This stock is currently trading around Rs 1535. It is trading above all moving-day averages, he said. The stock should be bought in the range between Rs 1515 and Rs 1535. He puts the stop loss at RS 1500. The stock should achieve a short term target of Rs 1620.
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