Stocks To Buy: Analysts suggest buying RVNL, Mazagon Dock, PNB Housing and 3 other stocks for short term, positional, and long term
Stocks to Buy: This week, the domestic stock market experienced significant volatility. Initially, the markets traded within a range, but on Friday, there was a sharp dip followed by a rapid recovery. Despite the fluctuations, market sentiment remains positive, with buying activity continuing alongside profit booking. Amid this, midcap stocks present a good opportunity, especially those showing breakouts on technical charts, which are poised for potential gains.
Disclaimer: The views/suggestions/recommendations expressed here in this article are solely by investment experts. Zee Business suggests its readers consult their investment advisers before making any financial decision.
Stocks to Buy
If you're looking to invest in short-term, positional, and long-term stocks, market experts Tejas Shah, VP of Technical Research at JM Financial Services, and Vikas Sethi, MD of Sethi Finmart, recommend these six midcap stocks.
Stocks to Buy: Tejas Shah's Picks
Tejas Shah has selected the following stocks for short-term, positional, and long-term investments:
Short-Term Pick - Lemon Tree Hotels
For the short term (1-3 months), Shah recommends Lemon Tree Hotels with a target price range of Rs 152 to Rs 158. The stop loss is set at Rs 136.
Target: Rs 152 to Rs 158
Stop Loss: Rs 136
Positional Pick - RVNL (Rail Vikas Nigam Limited)
For a positional investment (3-6 months), Shah suggests RVNL, a Railway PSU stock, with a target price between Rs 500 and Rs 535. The stop loss is Rs 420.
Target: Rs 500 to Rs 535
Stop Loss: Rs 420
Long-Term Pick - Mazagon Dock
For the long term (6-12 months), Shah recommends Mazagon Dock with a target price range of Rs 5,350 to Rs 5,850. The stop loss is set at Rs 4,425.
Target: Rs 5,350 to Rs 5,850
Stop Loss: Rs 4,425
Vikas Sethi's Picks
Vikas Sethi also offers recommendations for short-term, positional, and long-term investments:
Short-Term Pick - SAMHI Hotels
For the short term (1-3 months), Sethi suggests SAMHI Hotels with a target price of Rs 215. The stop loss is Rs 190.
Target: Rs 215
Stop Loss: Rs 190
Positional Pick - Tata Technologies
For a positional investment (3-6 months), Sethi recommends Tata Technologies with a target price of Rs 1,020. The stop loss is Rs 910.
Target: Rs 1,020
Stop Loss: Rs 910
Long-Term Pick - PNB Housing
For the long term (9-12 months), Sethi advises buying PNB Housing with a target price of Rs 1,150.
Target: Rs 1,150