Mid-cap Picks with Anil Singhvi: Analyst Ambareesh Baliga picks EIL, NBCC, JHS Svendgaard today for high returns

In yet another segment of Special mid-cap stocks with Zee Business Managing Editor Anil Singhvi, market analyst Ambareesh Baliga revealed 3 stocks which he said have the potential to give high returns to the investors. He picked stocks with long term, positional medium term and short term perspective. Know which stocks he picked and why?         

Top Stocks To Buy – Engineers India Limited     

Analyst Baliga picked Engineers India (EIL) as his long term buy. He said that EIL was a very good designing, engineering and turnkey services company. Most of the business comes from the oil marketing companies, he said. The orderbook position is robust with orders worth over Rs 8300 cr. It is likely to get some more orders over the next 1-2 quarters. It is a zero-debt company. It has given 100 per cent dividend last year, this analyst said.

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This stock was trading around Rs 81 at the time of recommendation. He puts the target price at Rs 106. He has a 9-12-month view on this stock.

Top Stocks To Buy – NBCC     

He picked NBCC as a positional medium term stock. This is a PSU in EPC and real estate. The company posted strong results in Q3FY21 with EBITDA growing almost three times and the profits doubled. The company is likely to post an even better results in Q4FY21, he said. It is a debt-free company.

This stock was trading around Rs 50 at the time of recommendation. He puts the target price at Rs 65. He has a 3-6-month view on this stock.

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शॉर्ट टर्म, पोजीशनल और लॉन्ग टर्म में बेहतरीन रिटर्न देने का दम रखने वाले शानदार मिडकैप शेयर...

अंबरीश बलिगा से जानें उनकी 3 पसंदीदा मिडकैप PICK#SPLMidcapStocks #StockMarket @AnilSinghvi_ @ambareeshbaliga pic.twitter.com/lbHp1Sth9u

— Zee Business (@ZeeBusiness) May 14, 2021

Top Stocks To Buy – JHS Svendgarrd   

Another stock recommended by Baliga was JHS Svendgarrd. He said that is one of the leading manufacturers in the oral health care segment with 7 per cent of tooth paste demand capicty in the country. While they account for 15 per cent of the toothbrush demand capacity. It does contract manufacturing for 25 brands including many MNCs.

This stock was trading around Rs 22 at the time of recommendation. He puts the target price at Rs 26.