Midcap stocks to buy with Anil Singhvi: Rajesh Palviya picks Brigade Enterprises, Century Textile, and Liberty Shoes for bumper returns

In a conversation with Zee Business Managing Editor Anil Singhvi, Axis Securities – VP Research and the market expert Rajesh Palviya recommended his top three mid-cap stock picks for investors to buy. 

Brigade Enterprises, Century Textile, and Liberty Shoes were the recommended stocks in the long-term, positional medium-term, and short-term categories, respectively. Know why this analyst thinks these stocks hold promise!    

Long-Term: Brigade Enterprises

This stock across the all-time frame has been trading in Bullish territory and as per weekly setup, it is creating a higher-top and higher-bottom formation, says Rakesh Palviya. He said there has been a breakout in stock after consolidation according to daily charts.

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Taking a cue from the monthly setup, the market expert believes the stock would grow to 450-460 per share levels on a long-term basis with a buy range of Rs 370-380 per share and 355 per share should be the stop loss.

This realty estate counter has hit a new 52-week high of Rs 391.55 per share, after surging 5.5 per cent on the BSE intraday trade on Monday. The scrip at around 02:35 trading near 4 per cent higher to Rs 385.2 per share on the BSE.

शॉर्ट टर्म, पोजीशनल और लॉन्ग टर्म के लिए राजेश पालविया के 3 बेहतरीन मिडकैप स्टॉक्स

Short- Liberty Shoes

Positional- Century Textile

Long- Brigade Enterprises#SPLMidcapStocks #MidcapStocks @AnilSinghvi_ @rajeshpalviya pic.twitter.com/cf6LAei8zH

— Zee Business (@ZeeBusiness) September 6, 2021

Positional: Century Textile

Even the shares of Century Textile are also trading in all-time bullish territory, says the market analyst adding further that the chart has registering swings surpassing its highs after a correction on a daily chart. Palviya believes, the stock should be bought for Rs 930-940 per share target with a stop loss of Rs 820 per share for positional view.

The counter surged over 2 per cent to hit a new 52-week high of Rs 866.65 per share on the BSE.

Short-Term: Liberty Shoes

The market analyst says, there has been a reversal of correction in the last five-six weeks and it is moving towards the previous highs that is Rs 189 per share. The moment it breaches its previous high, a strong up move could be witnessed in the stock, Palviya says.

On monthly charts, there has been a base-formation in the stock along with that breakout has also been established, says Palviya adding further that the stock looks good on short to medium term from here. He suggests buying this scrip for Rs 215 apiece target with stop loss of Rs 175 a share.