Mid-cap Picks with Anil Singhvi: Jay Thakkar picks Welspun India, Ceat, CCL Products 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!     

Top Stocks To Buy: Welspun India

Thakkar picked a stock from the textile sector. He picked Welspun India which he said is poised to do well from here. Welspun India stock was trading around Rs 83 at the time of recommendation. The current recovery clearly indicates that this stock has bottomed out, he said. The trading volumes in Welspun India stock have grown significantly, Thakkar said. 

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Welspun India target price is expected to be Rs 164, almost double the current levels, he said. The risk-to-reward ratio is good and the stop loss should be put at Rs 44 he said. He has a 9-12 month view on Welspun India stock. 

Top Stocks To Buy: Ceat

The analyst picked Ceat as a positional medium term buy. This stock has seen a 38 per cent correction from levels of Rs 1760. Ceat stock was trading around Rs 1517 at the time of recommendation. He said that it appear that any further correction is unlikely from here. He puts Ceat stop-loss at Rs 1290. Ceat target price is around Rs 2000, he said indication a Rs 500 upside. 

He has a 3-6 month view on this stock.

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Top Stocks To Buy: CCL Products     

As for the short term pick, Thakkar picked CCL Products (India) Limited. This stock was trading around Rs 235 at the time of recommendation. He puts a small stop-loss at Rs 225 and a target price at Rs 263. The 7-month long consolidation by CCL Products is nearing its end, this analyst said adding that it is ready for an upward move. 

He said that CCL Products is in a reversing trend and the risk-to-reward ratio is good now. 

The weekly and monthly charts also place CCL Products on a good footing, he said. He has a 1-3months view on this stock.