In a conversation with Zee Business Managing Editor Anil Singhvi, market expert Ashish Kukreja recommended his top three mid-cap stock picks today for investors to buy, which have great potential to yield bumper returns.

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CARE, Indiabulls Real Estate, EIH stocks were recommended for long-term, positional medium-term, and short-term view, respectively. Know why this analyst thinks these stocks hold promise! 

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Long-Term: CARE Rating

The market analyst has been recommending CARE, a rating agency firm, for quite some time now, adding further that the thesis of this stock is clear and also looks good going forward. 

Kukreja says the change in management and recent clean up in the company will certainly help the company to grow, moreover, the re-work on process and technology will also gives confidence. 

The most important is proxy and abundance capacities to come in India, which will directly benefit the rating agencies, says the analyst, adding further that the company is aiming to re-capture its market share in the sector and also trading over 50 per cent higher discount than peers.

Stating that there is good upside in the stock, the risk and investment advisory business vertical will the company to expand its revenue by 30-40 per cent going forward, moreover it has also done some senior level hiring, which will act as positive for the stock.

Kukreja believes a good proxy play in India’s investment business ahead, will help the stock to surge to Rs 1000 per share levels on long-term and points out this is a portfolio stock. 

Positional: Indiabulls Real Estate

It’s a matter of regulatory approvals now, the company soon will be renamed Embassy Realty, which has a good name and track record in the Bengaluru market along with Prestige Estate, the analyst says. He adds, the overall realty sector is buzzing with the majority of stocks gaining.

The company’s results have improved, as its net surplus plus collection and minus construction cost has sharply increased, says Kukreja further believing that the company will continue to raise it. 

Moreover, Blackstone is also a promoter in this company, and a strong real estate story in the coming days would help the stock to cross Rs 200 per share levels mostly by Diwali on a positional basis.

Short Term: IEH

This Reliance Industries-backed hotel chain has a strong balance sheet, its rights issue also happened successfully, says the market expert. He adds, the open-up theme would directly impact the hotel and hospitality industry helping them to recover the losses that happened so far.

Per room realisation would be strong, cost-cutting and efficiency is also bearing fruits amid this open-up theme, says Kukreja adding further that we will also see consolidation in the hotel industry. He expects the stock would grow Rs 140-150 per share levels on a short-term basis.