In Chat with Anil Singhvi, Rajesh Palviya says BUY IB Real Estate, VIP Industries and Polycab India for top returns

In a chat with Zee Business Managing Editor Anil Singhvi on Monday, Axis Securities Vice President Research and market expert Rajesh Palviya recommended his top three mid-cap stock picks, which have great potential to earn bumper returns. 

These stocks were recommended with long-term, positional medium-term and short-term views. Know why this analyst thinks these stocks hold promise! 

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Long Term Pick: IB Real Estate

After its last correction in the stock, the shares of IB Real Estate have bounced back by taking a 50-day moving average support, says Palviya, adding further that the last swing highs and breakout hit around Rs 128-130 per share on the monthly basis is still visible in the stock.

There's a reversal sign in the stock and believe it would do quite good on the long-term basis, says the market expert setting a potential target of Rs 220 per share with a stop loss of Rs 135 apiece.

The counter is trading near 3 per cent higher to Rs 152 per share on the BSE at around 01:50 pm

Positional - VIP Industries

There has been a volume action and price movement along with a breakout in the stock on a daily and weekly basis, says Axis Securities VP (Research). The way its charts are placed, Palviya believes that the stock looks good on a positional basis for a target of Rs 550 per share with Rs 450 apiece as stop loss.

The stock is trading almost 4 per cent higher to Rs 475.5 per share on the BSE at around 01:51 pm. The stock has hit a fresh 52-week high of Rs 491 per share.

Short-Term: Polycab India

The analyst believes, there has been a recovery in stock from the lower side and the upward movement in the stock would continue for the short term. Palviya expects the shares of Polycab to grow by Rs 2020 per share, with a stop loss of Rs 1890 per share.

The stock has jumped over 1 per cent to Rs 1924 per share on the BSE.