In today’s ‘Special Mid-cap Stocks’ with Anil Singhvi market expert Sacchitanand Uttekar picked three stocks which he said had the potential to earn bumper returns. These stocks have been selected with long term, positional medium term and short term view. Know which stocks he recommended today and why?
Top Stocks To Buy: Greaves Cotton
Uttekar picked Greaves Cotton as his top Buy with a long term view. On a careful analysis of this stock, one finds that it has been trading in good volumes over the last one month. The stock movement has been rangebound for quite some time now, he said adding that it was trading between Rs 65 and Rs 90. It has come out of this range and with a gap. Stop losses will be key to the stock trading.
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This stock is currently trading around Rs 97. The stop loss is Rs 88 and the target price of this stock is Rs 125.
Top Stocks To Buy: Take Solutions
The analyst picked Take Solutions. It has been able to maintain its higher top and higher bottom over the last two months. This stock has been ending strongly with volumes over the last 2-3 days. The momentum in this stock is expected to remain intact, the analyst said. The breakout level was around Rs 60 and this stock has managed to maintain its run above this level. The momentum is likely to sustain for a few weeks, he added.
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This stock is currently trading around Rs 65. He puts the stop loss at Rs 58. The target price is around Rs 80.
Top Stocks To Buy: Tinplate
As for the short term view, Uttekar picked Tinplate. The last week data suggests that there was a strong volume action in this stock. The breakout was 2.5 times the trading volumes for five sessions. The pattern on charts suggest that there is a consolidation now. The upside is 20-22 per cent from here, he added
The stock is trading around Rs 183. The stop loss should be applied at Rs 164 on a weekly closing basis. He put the target price between Rs 225.