Thinking of a good mid cap stock for investment and high returns? Well, Analyst Sacchitanand Uttekar recommended three stocks for high returns. The stocks have been recommended to Zee Business Managing Editor Anil Singhvi with a long term, positional medium term and short term perspective. Know which stocks are these and why they find favour with this analyst.    

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Mid Cap Stocks to Buy – Sterling and Wilson 

Uttekar picked Sterling and Wilson, which was in a big declining trend after getting listed around Rs 750. This stock is currently trading at Rs 282.90. This stock has seen a lower top and lower bottom pattern and it has shown a good consolidation for almost eight months after April 2020. Sterling and Wilson stock is expected to see a good momentum as the stock is on a verge of a breakout, this analyst said. 

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He said that he expected an upside of 50 per cent in Sterling and Wilson stock from here. He puts the stop loss at Rs 240 on a weekly closing basis. He puts the target price at RS 420 with a 1-year view.  

Mid Cap Stocks to Buy – MCX  

This analyst picked MCX as his positional medium term pick. The long term structure shows a breakout on the quarterly charts, he said. This stock is currently trading around Rs 1568. He said that the pattern targets of this stock are around Rs 2200. He puts the stop loss at Rs 1480 for the target price of Rs 1840.  

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There was some corrective action in this stock over the past two quarters. 

Mid Cap Stocks to Buy – Gujarat Alkalies  

He recommended Gujarat Alkalies as his short term pick. This stock should be bought with a view of next few weeks. This stock is seeing good momentum, he said. A range has been established in this stock for a period of 11 months at levels around Rs 320.  

Volume action has been quite significant in Gujarat Alkalies over the past one week. There structure looks positive now, he further said. This stock is currently trading around Rs 358. He puts a stop loss of Rs 340 while a target price of Rs 440.