Mid-cap Picks with Anil Singhvi: Jay Thakkar picks MOIL, Andhra Sugars, Thyrocare for top returns

In a chat with Zee Business Managing Editor Anil Singhvi today, market expert Jay Thakkar recommended his top three mid-cap stock picks for investors to buy, which he said 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! 

Long Term Pick: MOIL 

India’s largest manganese ore producer, MOIL, technically, has shown a good head and shoulders pattern formation, plus there has been a breakout in this stock, says Jay Thakkar. 

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The analyst expects, shares of MOIL to grow to Rs 238 per share, with a stop-loss of Rs 130 per share at a risk-reward of 1:2 ratio within the next nine to twelve months 

Positional Pick: Andhra Sugars 

Thakkar recommends this sugar stock to be bought for a target of Rs 500 per share, with a stop-loss of Rs 360 per share. The analyst, earlier this month, had recommended this stock at around Rs 350-360 per share and achieved this target. 

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This extended gain gives confidence that it could reach to a new level in the next three to six months, moreover, there has been a breakout in the stock hence, the expert revised the target of this stock. He urges, those who have already bought this stock should hold and fresh buyers should expect Rs 500 apiece level. 

Short Term Pick: Thyrocare 

The analyst says, the stock is inching towards the previous swing of Rs 1200 per share level, which is the target Thakkar suggests it will achieve in the near term. He expects there would be an up move of Rs 150 points in the share price. He says, in hourly charts, there is a rounding bottom formation is visible, plus buy crossover indicators has already seen in this stock for the short term. 

He says stock has shown a reversal of 200-DMA and 50-DMA reversal support. He sets stop loss of Rs 1010, the stock on Friday ended at Rs 1028 apiece.