Buy this Maharatna PSU Stock for 3-6 months, gave 60% returns; know expert view

Maharatna PSU Stock to BUY: This week, the market was open on Saturday and trading took place throughout the day. Ultimately, Sensex closed at 71423 points with a gain of 237 points and Nifty closed at 21571 points with a gain of 109 points.

The midcap index also increased by half a per cent.

Rajesh Palvia of Axis Securities has selected the 3 best mid-cap stocks for investors.

Let us know the complete details including the target.

DCX Systems Share Price Target

Palvia has chosen DCX Systems for long-term investors.

The shares of the electronic component manufacturing company closed at Rs 370 on Saturday.

It got a healthy breakout on monthly charges.

The target for the next 9-12 months has been given at Rs 440 and Rs 450.

This is 22 per cent more than the current level.

Add when dip appears, says the expert, adding to set stoploss at Rs 345.

This stock has increased by 31 per cent in three months and by 75 per cent in one year.

Oil India Share Price Target

For positional investors, the expert has chosen public sector oil marketing company Oil India.

This is a Maharatna company.

This share closed at the level of Rs 420 on Saturday.

There is momentum in this entire segment, says the exper, adding the momentum was expected to remain on a technical basis.

A target of Rs 480 and Rs 490 has been given in the next 3-6 months.

This is 16 per cent more than the current level and the stoploss has to be kept at Rs 396.

Oil India Share Price History
 

Oil India Share is currently trading at all-time high.

On Saturday, January 20, this stock hit an new all-time high of Rs 431 in intraday.

At present, the shares of all the oil market companies are rising.

Oil India shares have given returns of 12 per cent in the one week, 16 per cent in the one month and 30 per cent in the three months.

The return for the six months is 60 per cent and the return for the one year is around 80 per cent.

Restaurant Brands Asia Share Price Target

The expert has chosen Restaurant Brands Asia for short-term investors.

This share closed at the level of Rs 131. In the next 1-3 months, a target of Rs 155 and Rs 165 can be set with stoploss at Rs 115, as per the expert.

This stock has given a return of 19 per cent in one month and 10 per cent in three months.

(Disclaimer: The advice for investing in stocks here has been given by the brokerage house/expert. These are not the views of Zee Business. Consult your advisor before investing.)