Mid-cap Picks with Anil Singhvi: Want high returns? Here are 3 top stocks to buy by Manas Jaiswal
If you are planning to buy mid cap stocks with a long term, positional medium term and short term view, then these stock recommendations by market expert Manas Jaiswal will be of great help to you. While speaking to Zee Business Managing Editor Anil Singhvi, the analyst picked stocks from three different sectors - one each from pharmaceutical, consumer goods and metal
If you are planning to buy mid cap stocks with a long term, positional medium term and short term view, then these stock recommendations by market expert Manas Jaiswal will be of great help to you. While speaking to Zee Business Managing Editor Anil Singhvi, the analyst picked stocks from three different sectors – one each from pharmaceutical, consumer goods and metal. Know reasons why he thinks they have the potential to give high returns!
Top Stocks To Buy - IPCA Lab
Jaiswal recommended IPCA Lab as his top Buy with a long term view. During the February-March month when the markets cracked, this stock was actually moving sideways. In April, a breakout was seen with a high of Rs 1800. It has been seeing consolidation since then. In the last 2 trading sessions, it appears that the stock has seen resumption of the rally, he added.
IPCA Labs has a potential to attain levels around Rs 2250 in the next 8-10 months, he further said. He puts the stop loss at Rs 1600. The stock is currently trading around Rs 1833.
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Top Stocks To Buy - Bajaj Consumer Care
This analyst picked Bajaj Consumer Care as a positional medium term Buy. The stock has made a bottom at around Rs 130 in the last 3-4 months. It has seen a breakout over a 100-day moving average and is trading in good volumes. The base has already formed and the stock is now ready for a bounce back. It is expected to touch its 200-day moving average of Rs 200. He puts the stop loss at Rs 162. Bajaj Consumer shares are currently trading around Rs 177.
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Top Stocks To Buy - Hindustan Copper
As for short term pick, Jaiswal picked a midcap stock from the metal sector. He said that Hindustan Copper stock should be looked at favourably. This stock had made a bottom of around Rs 20 a few months back and is now consistently making higher tops and higher bottoms. It beat its 200-day moving average only last week. A breakout has been witnessed today and levels of Rs 40 have been breached. It has a potential to test levels around Rs 45. He puts the stop loss at Rs 37.50.
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