3 strong midcap stocks to invest in record high market, will give returns up to 40%
Midcap Stocks to BUY: Midcap index made a new high in the last trading session of the week. In this bullish market, the JM Financial Services analyst has selected 3 mid-cap stocks for investors to earn money. Know the target details for these shares.
Midcap Stocks to BUY: Nifty 50 and the Midcap Index made new all-time high on Friday in intraday, but due to profit booking, it ended in the red mark in the afternoon. The market trend and sentiment is strong. Focus has to be kept on stock specific action. Akshay P Bhagwat of JM Financial Services has selected 3 best mid-cap stocks for investors. Investing in these stocks is for short-to-long term. Know the complete investment strategy.
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Five Star Business Share Price Target
For the long term, the analyst have chosen NBFC stock Five Star Business Finance. With a strength of 5 per cent, this stock is trading at the level of Rs 775. This stock has been trading in the range of Rs 700-800 for the last one year.
Five Star Business Share Price Target
There are signs of breakout in this stock. In long term, targets of Rs 975 and Rs 1,035 can be seen in this stock. The stop loss is at Rs 670. This target is higher by 40 per cent on the May 2 closing basis.
Tata Technologies Share Price Target
For positional investors, the analyst has chosen Tata Group company Tata Technologies. This share is trading flat at the level of Rs 1,090. The analyst has given the target in the range of Rs 1225 and Rs 1275 for the next 3-6 months.
Tata Technologies Share Price Target
The analyst has given stop loss at Rs 1,040. The all-time high for this stock is Rs 1.400 which it made on November 30.
Ashok Leyland Share Price Target
For short-term investors, the analyst has chosen auto sector company Ashok Leyland. This share has crossed the Rs 200 limit and has made an all-time high of Rs 205 in intraday. There has been a technical breakout in this stock in which it has crossed Rs 200 from Rs 170. There has been a jump of 9 per cent this week, 19 per cent in two weeks and 16 per cent for one month.
Ashok Leyland Share Price Target
The first target for the next 1-3 months has been given at Rs 225 and the second at Rs 237. The stop loss for the stock is Rs 185. The returns are around 16-18%.