In a chat with Zee Business Managing Editor Anil Singhvi, market expert Jay Thakkar today recommended his top three mid cap stock picks, which he said have potential to earn big returns for the investors. These are - Greaves Cotton, V-Guard, SPARC. These stocks were recommended with long term, positional medium term and short term views. Know why this analyst thinks these stocks hold great promise!     

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Top Stocks To Buy: Greaves Cotton     

Thakkar picked Greaves Cotton as his long term buy. This stock is currently trading around Rs 79. He puts the stop loss below Rs 65 and the target price at Rs 125. He takes a 9-12 months view on this stock.  

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He said that the log term targets in this stock are quite aggressive. The charts show a double bottom pattern formation at Rs 66. This stock has been trading in great volumes over the last 8 months. The company is in auto ancillary space and the stocks are currently available at attractive valuations.       

Top Stocks To Buy: V-Guard   

The technical analyst picked V-Guard as a positional medium term buy. This stock is currently trading around Rs 183. He puts the stop loss at Rs 165 while the target price at Rs 232. He has a 3-6 month view on this stock.  

V-Guard stock has recently given a breakout with volumes.  The risk-to-reward ratio is quite good here.  

He recommends buying in V-Guard stock at the existing levels. He puts the target price around Rs 1000 while the stop loss at Rs 684. This stock has seen significant correction. Now, after some consolidation, it is ready for an upward move, he said. The risk to reward ratio is quite good from here.   

Top Stocks To Buy: SPARC

As for the short term pick, Thakkar picked SPARC which is also referred to as Sun Pharma Advance Research. This stock is currently trading around Rs 178. He puts SPARC stop loss at Rs 173 while the first target price at Rs 195 and the second at Rs 202. The analyst has 1-3 month view on it. 

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SPARC stock has seen a clear breakout from the falling channel, he said. The breakout has come with volumes after a 4-month consolidation. It is ready to show some great action from here.