Mid-cap Picks with Anil Singhvi: Rajat Bose picks Sundram Fasteners, Rico Auto and Endurance Technologies as top buys for bumper gains

In this edition of Special Mid Cap Stocks with Anil Singhvi, analyst Rajat Bose recommended three stocks – one each with a long term positional medium term and short term views. His picks are from auto ancillary sectors. These stocks hold potential to give good returns to the investors. Know why the stocks have been recommended by him.   

Long-term pick: Sundram Fasteners

Market expert Rajat Bose recommended Sundram Fasteners and said that it is a very well known company of the Sundram Group. It is seeing a breakout in daily and weekly charts. He said that this stock is very good and should be included in the portfolio with a long term perspective.  

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Sundram Fasteners stock is currently trading around Rs 604. He gives two target prices – first is Rs 781 and the other is 891. He puts the stop loss at Rs 497. If 891 is breached the stock may even go up to Rs 1000, Bose said. 

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Positional stock: Rico Auto   

His positional medium term pick is an auto ancillary. This company is Rico Auto. The prices fell to Rs 16 and then it crossed its 20-day moving average. This stock is currently trading around Rs 37. The daily and weekly chart patterns are very positive, he further said. He gives two target prices – Rs 49 and Rs 64. He said that the stop loss is kept a bit deep at Rs 27 though it can be kept at RS 32, which is unlikely to be broken. 

Short-term pick: Endurance Technologies   

The short term pick recommended by him was Endurance Technologies. This is an auto ancillary company which caters to the two-wheeler segment. It is considered a very good technology and engineering services company.  

This stock is currently trading at Rs 1452. He puts the target price at Rs 1510 and Rs 1548. He puts the stop loss at Rs 1377. He said that the target price is expected to be achieved between 4-6 months.