Mid-cap picks with Anil Singhvi: BirlaSoft, Poly Med, Greaves Cotton - 3 stocks to buy, says Himanshu Gupta
Mid-cap stock picks with Anil Singhvi: Despite Coronavirus fears, Indian indices have scaled northward slowly but steadily creating a pull-back rally of over 30 per cent in the last three months.
Mid-cap stock picks with Anil Singhvi: Despite Coronavirus fears, Indian indices have scaled northward slowly but steadily creating a pull-back rally of over 30 per cent in the last three months. During these very uncertain times, Zee Business Managing Editor Anil Singhvi has been doing some choice stock picking - stocks that can give high returns. In this regard he is conducting #SPLMidcapStocks show regularly where a panel of stock market experts reveal their mid-cap picks for investors and traders. In this show today, the Market Guru asked for the three mid-cap shares to buy from Himanshu Gupta of Global Capital Market. Gupta replied with these three stocks to buy — BirlaSoft, Poly Med and Greaves Cotton.
On Anil Singhvi's query on mid-cap long-term pick, Himanshu Gupta said, "My long-term mid-cap pick today is Poly Med. Technically it is showing a dream breakout as it's showing inverted head and shoulder picture in weekly and monthly chart that shows that the counter is poised for a sharp rally. Currently, the Poly counter is at around Rs 377 levels and in next 2-3 months it can showcase Rs 450 per shares mark. One can buy this counter maintaining the stop loss at Rs 340 per stock levels."
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Asked about his mid-cap pick for positional call, Gupta said, "My positional pick is Greaves Cotton stock. The counter in the last two-three trade sessions has made a potential triple bottom while in long-term chart, it is showing flag formation that augurs for northward movement in the stock. I recommend to buy this share for the target of Rs 110 maintaining the stop loss at below Rs 82 per stock levels."
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#SPLMidcapStocks | शॉर्ट टर्म, पोजीशनल और लॉन्ग टर्म में किन मिडकैप शेयरों में बनेगा पैसा? जानिए ग्लोब कैपिटल मार्केट के हिमांशु गुप्ता की 3 शानदार मिडकैप पिक#ZBizBazaar #Midcap #MidcapStocks @AnilSinghvi_ pic.twitter.com/enb0CU79DH
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When asked about his short-term pick, Gupta said, "My short-term pick is BirlaSoft. The counter is among the mid-cap IT stocks that are expected to gain momentum once the upside movement in the giant IT stocks pauses. Its volume breakout is also supportive for short-term rally and hence, I recommend BirlaSoift shares to buy for a target of Rs 140-142 maintaining the stop loss at below Rs 99 per share mark."
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