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. 

These stocks are Ashok Leyland, AB Capital, and Equitas Small Finance Bank. Let us know the target price of these stocks.

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 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.

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.

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.