Top Midcap Stocks to buy with Anil Singhvi! Jay Thakkar recommends Sanofi India, MOIL and National Fertilisers for good returns
In a chat with Zee Business Managing Editor Anil Singhvi on Friday, market expert Jay Thakkar recommended his top three mid-cap stock picks for investors to buy, which have the potential to yield bumper returns.
In a chat with Zee Business Managing Editor Anil Singhvi on Friday, market expert Jay Thakkar recommended his top three mid-cap stock picks for investors to buy, which have the potential to yield bumper returns. These stocks were recommended in long-term, positional medium-term, and short-term categories. Know why this analyst thinks these stocks hold promise!
In the long-term category, I have picked Sanofi India. This stock is trading at Rs 8, 165. "I can see a good move coming. The upper target is Rs 11,500 and the stop loss will be Rs 7,500. There is a risk of 600-700 points downside. But the target is 3500 points on the upside. Why did I choose Sanofi India? Because the risk-reward is really good in the long term," Thakkar said.
See Zee Business Live TV Streaming Below:
He further added that technically, on the weekly charts there is good by-crossover momentum. For the past 3 quarters, we have been witnessing the consolidation profit booking from the higher level. Now again, I anticipate, we will be able to witness the golden crossover. Volumes are surging, momentum is back in action, so we can expect a good up move in this stock. If you will see the pharma stocks, then you will realise that there is selling pressure in the stocks for the past few days.
शॉर्ट टर्म, पोजीशनल और लॉन्ग टर्म के लिए जय ठक्कर के 3 बेहतरीन मिडकैप स्टॉक्स
— Zee Business (@ZeeBusiness) July 30, 2021
But then these are the repercussions of those pharma stocks which have not performed well in the past 3-4 quarters. Stocks like Abbott, Sanofi are starting to improve from here on and can witness profit-booking in the domestic companies. The dividend payout ratio and Margins are also very impressive, Thakkar said.
For the positional category, I have picked MOIL. I had recommended this earlier also. Now it is trading at Rs 191. On 30th April, I recommend this for the long-term category at nearly Rs 150. After Rs 150, this stock jumped to Rs 207-208. So, you can see a profit of 30 per cent here within 2-3 months. There was a good move earlier also and now also we can see a correction. So, we should utilise this opportunity as buying option here because in the long-term chart structure there was an inverse head and shoulder pattern buying breakout in this stock, he added.
“We have already seen strong volumes in this stock, which was historic. Momentums are in favour of the bulls. I think, in short term and positionally, we can see a by-crossover. Stop Loss Rs 165. Target should be Rs 256,” he stated.
Thakkar asserted that in the short-term category, I would prefer National Fertilisers Ltd (NFL). This is currently trading at Rs 64.50. The short-term target would be Rs 80. Stop loss will be Rs 58. You can see a stop loss of Rs 6 but the upper target is Rs 15. We can see a by-crossover on the momentum. Now all the fertilizers’ stocks are going to yield profits.
He informed that on weekly charts, this stock has completed the fourth wave, and now the fifth wave has started towards the upper level. This will definitely go above Rs 75. The minimum target or short-term target will be Rs 80. Also, from the past 2 financial years, we have been seeing a robust topline. However, margins are always flat. With the good news coming from China, we might also witness the operating profits moving upwards. Both technically and fundamentally, I feel this stock will perform well!
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.