Mid-cap Picks with Anil Singhvi: Coromandel International, Bayer Crop and Bank of India are stocks to buy today

In the popular Special Mid-Cap Stocks show, Zee Business Managing Editor Anil Singhvi spoke to market expert Ashish Kukreja on Tuesday and sought his stock picks that would give good returns to investors. Keeping budget 2021 in mind, Kukreja recommended three stocks in long term, positional and short-term stock categories. Here are Ashish Kukreja’s top picks.  

Long-term Pick: Coromandel International
Market expert Ashish Kukreja's first pick was Coromandel International. He recommended this stock for long term. Kukreja said, "I have picked a stock that is related to agriculture sector as this sector is usually in focus in budget. It is a giant company in fertilizer and crop protection segment. There are many triggers favouring this pick. One, they have created a retail business recently, second the company has aggressively followed debt reduction and third it has doubled EBITA. Last two quarters have also been good for this company. The stock should be bought for a target of Rs 1250 by the end of this year."

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#SPLMidcapStocks | शॉर्ट टर्म, पोजीशनल और लॉन्ग टर्म में दमदार रिटर्न के लिए आज आशीष कुकरेजा किन 3 मिडकैप शेयरों पर हुए बुलिश? जानें यहां
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Positional Pick: Bayer Crop
"I have picked Bayer Crop stock again from agriculture sector. This stock looks attractive at this level and has potential of good upside," he said. Bayer Crop tie up with ITC and merger with Monsanto India could be a big factor pushing its share price, said the market expert. Kukreja said Bayer Crop stock is still trading at discounted rate and considering likely provision for this segment in the Budget 2021, it should achieve a target of Rs 7,000 to Rs 7,500 in six to seven months' time. Bayer Crop stock was trading around Rs 5630 on Tuesday.  

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Short-term: Bank of India
Bank of India stock has also been picked keeping budget 2021 in mind, he said. "This stock is from PSU space. I have picked Bank of India. This stock has good upside as compared to other PSU stocks. It also does not have merger factor unlike many PSUs. The way it has shown some good recoveries in the recent past, Bank of India could show some good move as compared to other PSU stocks, which have already shown good rally. Bank of India share should be bought for an immediate target of Rs 60 to Rs 65," Kukreja added.