Midcap Picks With Anil Singhvi - Simi Bhaumik recommends 3 stocks for bumper returns

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 long term view.

Long Term Pick: Thomas Cook

The stock showed a strong price / volume breakout in yesterday’s trading session. Thomas Cook stock is looking strong in today’s trade as well. The stock should be accumulated at current levels and could yield good returns in the next 3-6 months. The target on the stock price is Rs 74 – Rs 80 with stop loss below Rs 50.

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Positional Term Pick: Adani Power

The stock has been doing well for the past 2 sessions and is on an upper circuit today. Adani Power stock should be purchased at current levels or on dips. The target on the stock price is Rs 74 – Rs 78 and the second target is Rs 90 – Rs 95 with stop loss of Rs 65. The stock can see triple digit if one can hold this stock for more than 2 months and stay invested.

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Short Term Pick: Rallis India

The stock saw a breakout after witnessing good volumes yesterday. Rallis India target is Rs 310 – 320 with stop loss of Rs 268. The target could be achieved in 3 – 7 sessions.