Mid-cap Picks with Anil Singhvi: IEX, Amber Enterprises and Kaveri Seed are stocks to buy, says Rajat Bose

Market Expert Rajat Bose on Tuesday spoke to Zee Business Managing Editor Anil Singhvi and recommended three stocks with long term, positional and short-term horizon

Mid-cap Picks with Anil Singhvi: IEX, Amber Enterprises and Kaveri Seed are stocks to buy, says Rajat Bose
Bose suggested investors to buy these stocks in the Zee Business popular Special Mid-Cap Stocks show for good return in one to 12 months period.
Reported By: ZeeBiz WebTeam
Written By: ZeeBiz WebTeam
Edited By: Harish Dugh
Updated: Thu, Jan 14, 2021
04:27 pm
Patna, ZeeBiz WebDesk
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Market Expert Rajat Bose on Tuesday spoke to Zee Business Managing Editor Anil Singhvi and recommended three stocks with long term, positional and short-term horizon. Bose suggested investors to buy these stocks in the Zee Business popular Special Mid-Cap Stocks show for good return in one to 12 months period. Let us find out Rajat Bose’s top picks today.  

Long-term pick: IEX
Picking India Energy Exchange as his long-term pick, Bose said this stock has also created a low of Rs 110 in March and currently trading around Rs 225. “It's long term upside is still due as it is trading above 50 days and 20 days moving average. It is finding support around its 9 days moving average. There is good chance of steady movement in this scrip going ahead. I have kept two targets for IEX counter—Rs 259 and Rs 284. I am expecting an upside of around Rs 60 from here in one year. Put a stoploss around Rs 198 and hold IEX scrip for the said targets,” said Bose

Positional mid cap: Amber Enterprises  
Amber Enterprises scrip has been suggested as positional pick and is correcting from upper level. “Amber Enterprises stock created a high of Rs 2773 a few days back and is correcting from that level. Amber Enterprises has corrected around Rs 300 and has now again trading around many crucial support. Buy this fundamentally strong stock for target of Rs 2840 with stoploss of Rs 2435.”

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Short-term pick: Kaveri Seed
Bose said Kaveri Seeds stock should be bought for targets of Rs 572 and Rs 583. The stoploss for this scrip will be Rs 517. “The logic behind keeping this stoploss is that it’s 200 days moving average is around Rs 520.  Kaveri Seeds stock has potential to show good short-term rally between 7 to 30 days," said the analyst, adding that he does not hold any position in these three stocks neither has he talked about these stock with his clients.

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