Mid-cap Stock Picks with Anil Singhvi: Greaves Cotton, GIC Housing, Polycab India are top Rajat Bose picks today

In today’s edition of Special Mid Cap Stocks with Anil Singhvi, analyst Rajat Bose recommended three stocks – one each with long term positional medium term and short term views. The stocks recommended have the potential to earn high returns for the investors. Know here what promise Greaves Cotton, GIC Housing, Polycab India shares hold.  

Long-term pick: Greaves Cotton 

Market expert Rajat Bose today recommended Greaves Cotton as a long term pick. There are indications of a turnaround in Greaves Cotton stock, at least on technical charts, he said. In March, Greaves Cotton stock fell from the highs of around Rs 150 to levels around Rs 60. Greaves Cotton share price is currently trading around Rs 98.

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This has crossed its 200-day moving average and 50-day moving average. He puts the Greaves Cotton stop loss at Rs 84.80. 

He puts the first Greaves Cotton target price at Rs 125 and the second target price at Rs 147. Greaves Cotton is a long term play, he says.  

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Positional stock: GIC Housing 

As for the positional medium term pick, he recommended GIC Housing. GIC Housing stock is currently trading around Rs 128. It is a steady performer, though a slow mover and which is why it is recommended, he said. His targets are Rs 152 and Rs 172. He puts GIC Housing stop loss around Rs 109.  

Short-term pick: Polycab India 

The third stock recommended by him was Polycab India which was suggested with a short term view. Polycab India stock is currently trading around Rs 1250. He puts Polycab India target price at Rs 1315 while the stop loss at Rs 1212.