3 midcap stocks to buy: Analysts suggest buying these quality stocks for up to 25% returns; check details
Tejas Shah from JM Financial suggests buying three quality midcap stocks from a short to long-term perspective.
Stock indexes fell substantially on Friday, ending the week in the red.
The Sensex and Nifty closed 1.1-1.2 per cent down, at 80,981.95 and 24,717.70 points, respectively.
JM Financial picks 3 stocks
Despite this weak market trend, Tejas Shah from JM Financial suggests buying three quality midcap stocks from a short to long-term perspective.
1- Clean Science share price target
The first stock on the list is Clean Science and Technology. The expert said that for the long term, he has chosen the chemical sector company Clean Science. This share is at the level of Rs 1,650.
Clean Science shares to buy
For the last two years, Clean Science stock was stuck in the range of 1,300-1,600. Now a breakout has been found here which is showing strength with volume. Immediate support is at Rs 1,525. The base remains at Rs 1,400. The first target is Rs 1,800 and the second is Rs 2,000. This way you can get returns up to 21 per cent for the next 6-12 months.
2- Castrol India share price target
The next stock on the list is Castrol. The stock has been chosen on a positional basis. The current price of the stock is Rs 260.
Castrol stop loss
Recently Castrol has made a new high of Rs 280. A good rally seems to be forming here. Stop loss has to be set at Rs 235 the first target is Rs 300 and the second is Rs 325. This is an increase of about 25 per cent.
3- Star Health share price target
The brokerage has also suggested buying Star Health and Allied Insurance Company Ltd shares for a first target of Rs 625 and a second of Rs 655. Recently the stock gave a breakout above Rs 595 and is back in correction mode by making a swing high of Rs 635.
Star Health and Allied Insurance Company shares to buy
From a technical point of view, a rising channel pattern is forming. Short-term investors have to maintain a stop loss of Rs 569. The stocks can give up to an 11 per cent return from its last closing price of Rs 591.
The views/suggestions/advices expressed here in this article are solely by investment experts. Zee Business suggests its readers consult their investment advisers before making any financial decision.