Midcap Picks With Anil Singhvi: Graphite India, FirstSource, Glycols India are top 3 Simi Bhaumik recommendations today

Market analyst Simi Bhaumik today recommended three mid-cap stocks for investors to buy to generate high returns. In today’s edition of Special Mid Cap Stocks show with Zee Business Managing Editor Anil Singhvi, Bhaumik picked stocks with long term, positional medium term and short-term view.

Long Term Pick: Graphite India

The stock which was around Rs 260-270/apiece in November last year when the analyst recommended it, has now crossed the Rs 500 mark in current trading session. It shows a typical saucer pattern in a daily chart and hence the analyst has suggested the stock for the second time. Bhaumik recommedned it as a long-term buy with two targets Rs 675 and Rs 750, with a hold time of three to six months. The stock can be purchased now or below Rs 500 (current price is Rs 505/apiece). Analyst has put the stop-loss at Rs 460/apiece.

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Graphite India is the pioneer manufacturer of Graphite Electrodes in India, it also manufactures Carbon and Graphite Speciality products. The products made by the company are the main heating element used in the furnace arc, including vehicles and factories.

Positional Term Pick: FirstSource Solutions

The stock that has shown steady growth in the last couple of months, the analyst suggests buying the stock at current level of Rs 114 and to hold for a couple of months with two targets Rs 135 and Rs 155 and a psychological stop-loss of Rs 100 plus a technical stop-loss of Rs 98. This is third time Bhaumik has picked FirstSource Solutions in the recent months - she first recommended it when it was around Rs 73-74 and then at Rs 90/apiece.

FirstSource Solutions one of the leading business process outsourcing companies in India. It specifically caters to the management of banking and financial services, customer services among others.

Short Term Pick: India Glycol

Bhaumik picked India Glycol for the first time due to the growth trajectory of this mid-cap stock after corrections. The stock has shown both steady and progressive momentum in the recent days with 50-DMA (daily moving average). Analysts predict the stock to grow more and cross the 500 mark within next couple of weeks, with target of Rs 530-540 and stop loss of around Rs 430 per share.

India Glycol is an only green petrochemical mid-cap company. It is one of the leading manufacturers of glycols, ethoxylates and PEGs, natural gums among others. It provides raw material for many sectors including paint, oil and gas, detergents and personal care.