Mid-cap Picks with Anil Singhvi: 3 top stocks to buy - Check analyst Vikas Salunkhe's recommendations
Analyst Vikas Salunkhe recommends Minda Corp as his long term buy. The stock has seen a volume breakout and it is moving above its 100-day moving average
Looking for quality stocks to invest but not sure about the sectors and also which stocks to invest in? For you, Zee Business panelist Vikas Salunkhe picks three stocks in mid cap space with a long term, positional medium term and short term view. Know which sectors Salunkhe picks while he reveals his investment strategy to Zee Business Managing Editor Anil Singhvi.
Salunkhe, a technical analyst, said that he would recommend Minda Corp as his long term buy. The stock has seen a volume breakout and it is moving above its 100-day moving average. Mind Corp stock’s 200-day moving average is around Rs 84 and it has a great potential to go upwards. This stock can be held for a target price of Rs 100, Salunkhe said.
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The stock had a breakout at Rs 67 and it has been moving in this range of Rs 70-74 for the last 10 trading sessions. On Thursday, at Rs 75, the stock has bettered its 100 day moving average. This stock will see momentum in the long term, the analyst said. He kept a 3-4 month view on this stock. The stop loss is at Rs 66, he said.
Salunkhe picks Gujarat Gas Limited as his positional mid-cap buy with a medium term view. The stock has seen momentum in the last two days. The previous weekly stop was around Rs 313. After a breakout from here, the stock has been able to sustain above this level. The stock is currently trading at Rs 320. The target price of this stock is Rs 370 while it has a strong support zone around Rs 290. He suggests a buy with a stop loss around this level.
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As for stock with short term view, this analyst suggests Sterlite Technologies. He said that the stock could see significant momentum in the short term. Investors can buy this stock with a target price of Rs 138 while the stop loss has been kept at Rs 112. Even on intraday retracing around to Rs 115, the investors can buy this stock. The chart structure of Sterlite Technologies his very good and it has been making higher highs. The trading volume has also been on the rise.
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