Mid-Cap Picks with Anil Singhvi: Jay Thakkar recommends India Cements, Mayur Uniquoters and City Union Bank for good returns

Zee Business Managing Editor Anil Singhvi on Friday invited market expert Jay Thakkar on the popular Special Mid-Cap Stocks show and asked him to reveal stocks that could give good returns to investors. Thakkar made three calls with long-term, positional and short-term views, ranging between 1 to 12 months. Here are the stocks picked by this expert.

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Long-Term: India Cements
Thakkar straightaway gave the target for India Cements scrip. He said target for India Cements will be Rs 311 and stoploss would be Rs 133. India Cements was trading on Friday around Rs 171. He said, "The reason behind this big target is that from 2007 top to recent lows made by India Cements stock in 2020, it has formed a symmetrical triangle pattern in 13 years of consolidation. It has not shown breakout yet and I am expecting there will be a breakout on upper side, and it can go close to its previous highs. Monthly to daily moving average also indicate buy crossover. Focus on infrastructure in budget and thereafter, re-rating of cement stocks will also benefit India Cements share."

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जय ठक्कर से जानिए दमदार फंडामेंटल वाली उनकी 3 बेहतरीन SPL मिडकैप PICKS #SPLMidcapStocks @AnilSinghvi_ @JayThakkar22 pic.twitter.com/WgYn8kwojQ

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Positional: Mayur Uniquoters

Thakkar picked Mayur Uniquoters as his positional pick. He said target for Mayur Uniquoters Share is exactly Rs 100 over and above its current trading price of Rs 373.  Putting the target at Rs 473, he suggested to maintain a stoploss at Rs 323. "Mayur Uniquoters share is exhibiting perfect risk-reward ratio of 1:2 and there is also a perfect chart pattern too. This stock has also seen a breakout with volume. Monthly indicators also have clearly buy crossover, which indicates further momentum.  Mayur Uniquoters stock is also good on its fundamental parameters."

Shot-term: City Union Bank
Picking this scrip from banking space, he said City Union Bank stock is trading around Rs 165 and suggested a very small stoploss of Rs 158 for City Union Bank. There will be two targets for this scrip—one would be Rs 185 and second target is Rs 200. He said he has picked City Union Bank stock as it is trading at its 200-day moving average and the share has also seen good correction.