Mid-cap Picks with Anil Singhvi: Jay Thakkar picks Welspun India, Ceat, CCL Products for top returns
Analyst Jay Thakkar picked a stock from the textile sector. He picked Welspun India which he said is poised to do well from here. Welspun India stock was trading around Rs 83 at the time of recommendation. The current recovery clearly indicates that this stock has bottomed out, he said. The trading volumes in Welspun India stock have grown significantly, Thakkar said
Welspun India target price is expected to be Rs 164, almost double the current levels, he said. The risk-to-reward ratio is good and the stop loss should be put at Rs 44 he said