Mid-cap Picks With Anil Singhvi: Simi Bhaumik recommends 3 stocks for bumper returns

Market analyst Simi Bhaumik today recommended three mid-cap stocks for investors to buy to generate high returns. In today’s edition of Special Mid Cap stocks show with Zee Business Managing Editor Anil Singhvi, Bhaumik picked stocks with long term, positional medium term and long term view. See which stocks were picked by her (#SPLMidcapStocks).  

Top Stocks To Buy: Bombay Burmah Trading Corporation 

Today, Bhaumik recommended Bombay Burmah Trading Corporation as her long term pick. Investors can invest in this stock as it is displaying great strength, she said. This stock is currently trading around Rs 1262. She advised investors to purchase this stock between Rs 1240- Rs 1250. She puts the stop loss at Rs 1175 on a closing basis. Bhaumik’s target is at relatively high levels – first at Rs 1370 while the second target price at Rs 1450. It will clear its last high around Rs 1400, she said.  

Bhaumik said that the charts show a strong pattern which indicates that there will be a breakout. Her view is for the next 3-4 months.  

Watch Zee Business Tweet Video Below: 

#SPLMidcapStocks | शॉर्ट टर्म, पोजीशनल और लॉन्ग टर्म के लिए मार्केट एक्सपर्ट सिमी भौमिक के मजबूत फंडामेंटल वाले 3 बेहतरीन मिडकैप स्टॉक्स#ZBizBazaar #Midcap #MidcapStocks @AnilSinghvi_ pic.twitter.com/PByN4699UB

— Zee Business (@ZeeBusiness) July 31, 2020

 Top Stocks To Buy: CDSL 

  The technical analyst picked CDSL (Central Depository Services (India) Ltd) with a positional medium term view. She said that it appears that a long consolidation in this stock has ended now.  This stock has seen a consolidation phase of almost 2 years. The breakout has come around Rs 300, though it is currently trading at Rs 343. The stock has shown some profit booking in the last three trading sessions, which is good. This means that the stock is now available at good levels. She recommended buying of this stock in the range between Rs 333 and Rs 340. She expects the stock to achieve a target price of around Rs 380 over the next 1-2 months. She puts a strict stop loss around RS 320. 

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Top Stocks To Buy: Natco Pharma 

The technical analyst picked Natco Pharma with a short term view. Bhaumik said that the stock exhibits great strength on the charts. The stock is already on the move, she said. It is currently trading around Rs 749. She advised investors to hold on to the stock for 4-7 trading sessions. She puts the target price at Rs 780-790. The stop loss is at Rs 725 which should be followed at closing basis.