Stock To Buy: 3 best midcap stocks to buy in record high market | Check targets, stop loss
Midcap Stocks to BUY: The midcap index is trading at an all-time high near 50,700. In this bull run, Shivangi Sharda of Motilal Oswal has recommended 3 stocks. Let's take a look at the target price and stop loss:
Aegis Logistics
The first stock recommended by the expert is the logistics company Aegis Logistics. This stock is trading at Rs 635, marking a six per cent increase. It achieved a new all-time high of Rs 643 during intraday trading. This stock has seen a rise for 5 consecutive days.
Target Price: Rs 660
Stop-Loss: Rs 560
Lemon Tree Hotels
Sharda also recommends investing in Lemon Tree Hotels. The stock is trading at Rs 144, showing a four per cent increase. It has been on a continuous rise for the past 6 days.
Target Price: Rs 155
Stop-Loss: Rs 136
Indian Bank
The expert has also suggested buying shares of Indian Bank. Currently trading at Rs 525, it has seen a decline of one-fourth per cent. The 52-week high for this stock is Rs 574, which is also its all-time high.
Target Price: Rs 560
Stop-Loss: Rs 510
(Disclaimer: The advice to invest in stocks here has been given by the brokerage house/expert. These are not the views of Zee Business. Consult your advisor before investing.)