Mid-cap Picks with Anil Singhvi: TVS Srichakra, SMS Pharma and Blue Star - 3 stocks to buy, says Sacchitanand Uttekar
In the ‘Special Mid-cap Stock Picks' show with Zee Business Managing Editor Anil Singhvi, market expert Sacchitanand Uttekar has been regularly recommending stocks to buy that have gone on to do well. In yet another stock recommendation today, he highlighted three stocks that are poised for a strong performance now.
Top Stocks To Buy: TVS Srichakra
Uttekar picked TVS Shrichakra as his top Buy with a long term view. This stock has seen a rebound and its overall price structure has changed. The volume action has been good in the stock for the past few weeks. There has also been a breakout from the declining channel formation since 2018, he said. The necessary push for its fortune reversal has already been triggered and a good price action has been observed in recent times. This stock is currently trading around Rs 1620. In the 6-7 months this stock should see levels around Rs 2100. He recommends a Buy on this stock at existing levels. He puts the stop loss at Rs 1360.
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Top Stocks To Buy: SMS Pharma
The analyst picked SMS Pharma with a positional medium term view. This sector has been an outperformer. This particular stock is moving towards its life’s high. The chart pattern indicates that this stock should be accumulated. He puts the target price at Rs 120 while the stop loss at Rs 87. This stock is currently trading around 99. It is seeing a sustained upward move and good volumes. This stock has seen a correction around 20 per cent. This stock is currently trading around Rs 470. He puts the stop loss at Rs 420 while the target price at Rs 580.
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Top Stocks To Buy: Blue Star
As for the short term view, Uttekar picked Blue Star. This stock is seeing a triangular formation on the charts after four months of contraction. The weekly charts suggest a breakout. He expects the price action to show a positive move. He recommends a Buy on this stock. He puts the stop loss at Rs 475. He puts the target price between Rs 600 and Rs 620.
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