Mid-cap Picks with Anil Singhvi: V Guard, Rain Industries, Inox Leisure are stocks to invest in for bumper gains
In yet another stock recommendation, market expert Sacchitanand Uttekar today picked three stocks which he said had the potential to earn bumper returns. He picked V Guard, Rain Industries, Inox Leisure today
In yet another stock recommendation, market expert Sacchitanand Uttekar today picked three stocks which he said had the potential to earn bumper returns. These stocks have been selected with long term, positional medium term and short term view. He has been regularly recommending his mid cap stock picks in the popular ‘Special Mid-cap Stocks' show with Anil Singhvi. He picked V Guard, Rain Industries, Inox Leisure today.
Top Stocks To Buy: V-Guard
Uttekar picked V-Guard as his top Buy with a long term view. It has been an underperformer over the last 3 years. V-Guard stock is still trading at an 18 per cent discount from its life highs. This stock has seen a consolidation in the range of Rs 160 and 260 over the last four years. The yearly chart pattern indicates a positive trend.
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The consolidation is mature now. A look at V-Guard daily charts there was a rounding bottom formation recently. Going forward, V-Guard stock should toward the higher level of Rs 260, he said.
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V-Guard stock is currently trading around Rs 194. The stop loss is RS 176 on a closing weekly basis. The position should be reviewed around Rs 250.
Top Stocks To Buy: Rain Industries
The analyst picked Rain Industries as a positional medium term stock. It should be considered for 2-3 months period. Rain Industries stock broke away from a critical level in 2018. On weekly charts there was a bullish hammer pattern in this stock last week.
Rain Industries stock is currently trading around Rs 143. He puts the stop loss at Rs 130. Rain Industries target price is around Rs 188 which is a 30 per cent upside.
Top Stocks To Buy: Inox Leisure
As for the short term view, Uttekar picked a stock from the entertainment sector. He picked Inox Leisure. This stock is currently at an interesting juncture. It has seen a breakout and has been trading with volumes. The upside is open for 25 per cent rise.
The stock is trading around Rs 311. The stop loss should be applied at Rs 284 on a weekly closing basis. He put the target price between Rs 375-380.
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