3 strong midcap stocks to invest in all-time high market, will give returns up to 30%
Meanwhile, Tejas Shah of JM Financial has selected the three best midcaps in this rally from a short-to-long-term perspective.
There seems to be a continuous rally in the midcap index for the last seven trading sessions.
The index index is at an all-time high. NIFTY Midcap 100 index has risen by about 5 per cent in the last week and by about 6 per cent in a month.
JM Financial
Meanwhile, Tejas Shah of JM Financial has selected the three best midcaps in this rally from a short-to-long-term perspective.
Ashok Leyland, AB Capital, Equitas Small Finance Bank
These stocks are Ashok Leyland, AB Capital, and Equitas Small Finance Bank. Let us know the target price of these stocks.
Equitas Small Finance Bank share price target
For the long term (6-12 months), the analyst has chosen Equitas Small Finance Bank. The stock closed at Rs 92.16 apiece on Saturday (May 18), up almost 1 per cent from its previous close.
There is strong support in the range of Rs 88-90. When this stock crosses the range of Rs 100-102, a big rally will begin. Long-term investors should hold for the target of Rs 110 and Rs 125 with a stop loss of Rs 80. This is more than 32 per cent than the current level.
Aditya Birla Capital share price target
Aditya Birla Capital has been selected for positional investors for the next 1-3 months. This week this share closed at Rs 223.5. On April 30, it had made an all-time high of Rs 244.
Last month this stock had given a big breakout above 200. The technical structure is pointing towards an uptrend. The analyst suggests buying first with a stoploss of Rs 209 and a target of Rs 245 and Rs 255. It is 14-16 per cent more than the current level.
Ashok Leyland share price target
For short-term investors, the analyst has chosen the leading auto company Ashok Leyland for 1-2 weeks. This stock is trading at an time high. There has been a jump of 6 per cent this week, 4 per cent in two weeks, and 24 per cent in one month. He suggests buying with a stop loss of Rs 199 and a target of Rs 217 and Rs 225.
Disclaimer
The views/suggestions/advices expressed here in this article are solely by investment experts. Zee Business suggests its readers consulting their investment advisers before making any financial decision.