Mid-cap Picks with Anil Singhvi: Oberoi Realty, Genus Power, MRPL are stocks to buy for high returns

If you are planning to buy mid cap stocks with a long term, positional medium term or short term view, then these stock recommendations by market expert Manas Jaiswal will be of great help to you. While speaking to Zee Business Managing Editor Anil Singhvi, he picked stocks from three different sectors – one each from real estate, power and refinery. Know reasons here!

Mid-cap Picks with Anil Singhvi: Oberoi Realty, Genus Power, MRPL are stocks to buy for high returns
Analyst Manas Jaiswal recommended Oberoi Realty as his top Buy with a long term view. This stock has been trading above the 200-day moving average
Written By: ZeeBiz WebTeam
Edited By: Harish Dugh
Updated: Wed, Dec 02, 2020
04:18 pm
new delhi, ZeeBiz WebDesk
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If you are planning to buy mid cap stocks with a long term, positional medium term or short term view, then these stock recommendations by market expert Manas Jaiswal will be of great help to you. While speaking to Zee Business Managing Editor Anil Singhvi, he picked stocks from three different sectors – one each from real estate, power and refinery. Know reasons here!     

Top Stocks To Buy – Oberoi Realty: Jaiswal recommended Oberoi Realty as his top Buy with a long term view. There are very clear higher tops and higher bottoms here, he said. A fresh breakout has been seen. This stock has been trading above the 200-day moving average.

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 This stock is currently trading around Rs 519. He said that he expected an upward move of Rs 100-Rs 150 in this stock from here. This stock should be bought at current levels. He puts the target price of Rs 600 with a stop loss of Rs 459. 

Top Stocks To Buy – Genus Power: Another stock picked by the analyst was Genus Power, a stock with small valuations. A base formation happened in March around Rs 15 followed by a rally and then consolidation. On Wednesday, a fresh breakout has been observed. This a breakout from the inverse head and shoulders pattern, he said. He expected a sharp upward move in this stock from here as the breakout has been with volumes. 

This stock is currently trading around Rs 32. He puts the target price of Rs 40 with a 1-2- month view on it. He puts the stop loss at Rs 27   

Top Stocks To Buy - MRPL: Jaiswal recommended his third stock from the refinery sector. He picked MRPL which has breached its 200-day moving average. It has been showing good volumes from the last 2 trading sessions. It appears that the stock has already formed a bottom around Rs 25. His call will be on for the next 2-3 trading sessions. 

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The stock should be bought at existing levels. He puts the stop loss at Rs 31 and the target price at Rs 40.

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