Mid-cap Picks with Anil Singhvi: Buy Indoco Remedies, HEG Ltd for good returns
Zee Business Managing Editor Anil Singhvi, in the popular 'Special Mid-Cap Stocks' show, has been guiding investors in making a wise choice while picking stocks and in this exercise a special panel of experts is at hand to provide the reasons behind the move to recommend certain stocks
Zee Business Managing Editor Anil Singhvi, in the popular 'Special Mid-Cap Stocks' show, has been guiding investors in making a wise choice while picking stocks and in this exercise a special panel of experts is at hand to provide the reasons behind the move to recommend certain stocks. The intention is to maximise returns as much as possible and guard against nasty shocks for investors. The Market Guru also gets his panel to reveal how well their stock picks have been doing. In the show’s latest episode, the Market Guru talked to market analyst Sachidanand Uttekar and took his short term, positional mid cap and long-term recommendations. Find his picks below:
Long-term pick: BASF
Picking this stock, he said BASF was his first call in the show. Uttekar said the stock was identified around Rs 1100 level and had shown good rally in the past. He said the stock has established good formation on weekly chart and recently, it has also witnessed breakout after consolidating for two months. He said looking at overall structure and price, the share should show an upside of around 25% from current levels. He said it should be bought for a target of Rs 2000 from CMP. He put stop-loss at Rs 1480 for this stock and said if stock shows a level of Rs 1600 Rs 1610, it would be great range to grab this stock.
Find detail coverage in the video below:
#SPLMidcapStocks | शॉर्ट टर्म, पोजीशनल और लॉन्ग टर्म में किन मिडकैप शेयरों में बनेगा पैसा? मार्केट एनालिस्ट सच्चितानंद उत्तेकर से जानिए उनकी 3 दमदार मिडकैप PICK#ZBizBazaar #MidcapStocks @AnilSinghvi_ @Sacchitananad pic.twitter.com/eeBoGWoUWm
— Zee Business (@ZeeBusiness) November 24, 2020
Positional mid-cap pick: Indoco Remedies Ltd
He said Indoco Remedies stock has seen breakout in Monday’s trading session and it was a breakout with a good volume. It continues to show higher top, higher bottom sequence on weekly chart and the way breakout has happened after eight months’ consolidation can also throw interesting trend, Uttekar said. He said the stock should be bought for a target of Rs 320 with a stop-loss of Rs 260. The stock was trading around Rs 280 during the day.
Short-term pick: HEG Ltd
He said this stock has been trading with good volume from the last two trading sessions and it has also crossed 200 days exponential moving average in today’s trading session. He said the stock has potential upside of 50% and should be bought by maintaining a stop-loss of Rs 780 for target of Rs 1100. The stock was trading around Rs 874 during the day.
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