Mid-cap Picks with Anil Singhvi: Minda Industries, Mayur Uniquoters, Delta Corp are top stocks to buy
If you are planning to buy mid cap stocks with a long term, positional medium term and short term view, then these stock recommendations by market expert Manas Jaiswal will be of great help to you. While speaking to Zee Business Managing Editor Anil Singhvi, he picked stocks from three different sectors - one each from auto components, gaming and artificial leather manufacturing. Know reasons here!
If you are planning to buy mid cap stocks with a long term, positional medium term and short term view, then these stock recommendations by market expert Manas Jaiswal will be of great help to you. While speaking to Zee Business Managing Editor Anil Singhvi, he picked stocks from three different sectors – one each from auto components, gaming and artificial leather manufacturing. Know reasons here!
Top Stocks To Buy – Minda Industries:
Jaiswal recommended Minda Industries as his top Buy with a long term view. This stock has seen an excellent rally between March and September from Rs 200 to a high of Rs 375, he said. This stock saw some small correction and this correction was not below its 200-day moving average. If one looks at the pattern of Tuesday and Wednesday, it appears that the stock is ready to repeat id April-September performance.
Watch Zee Business Tweet Video Below:
This stock is currently trading around Rs 354. He puts the stop loss at Rs 309 while the target price at Rs 425, This is a 3-4-month view on this stock, he said.
Top Stocks To Buy – Mayur Uniquoters:
The analyst picked Mayur Uniquoters as a positional medium term Buy. The stock has seen some correction but has taken a support at its 200-day moving average. After this, it has seen a rally followed by a consolidation and now a breakout.
This stock is currently trading around Rs 267. He puts the target price at Rs 310 while the stop loss at Rs 249. He has a 2-3-week view on this stock.
Top Stocks To Buy – Delta Corp:
As for short term pick, Jaiswal picked Delta Corp. He had previously recommended this stock. He said that he expected a sharp upward move in this stock whenever there is a breakout. It appears on the charts that this breakout has already arrived.
See Zee Business Live TV Streaming Below:
This stock is currently trading around Rs 124. He puts the stop loss at Rs 117 while the target price at Rs 142. This target price is expected to be achieved in 2-3 trading sessions, he said.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.