Mid-cap Picks with Anil Singhvi: Godrej Properties, Biocon, Laurus Labs are top stocks to buy, says Rajat Bose
If you are planning to invest in equities, mid-cap stocks should be an option you should look at to generate bumper returns.
If you are planning to invest in equities, mid-cap stocks should be an option you should look at to generate bumper returns. Zee Business has been suggesting top stocks to buy in the mid-cap space over many weeks now. These stock picks have been suggested by experts depending upon sectoral trends and the fundamentals of the companies. Taking this exercise forward, the channel today spoke to market expert Rajat Bose. See what he picks as his top buys with a long term, positional medium term and short term view.
Analyst Bose while speaking to Zee Business Managing Editor Anil Singhvi said that his long term buy is Godrej Properties. This is a good stock in the real estate sector and probably one of the best in the country. The fundamentals of this company are also quite strong. The current stock price is around Rs 904. The movement of the stock is positive and it is expected to reach its earlier high of Rs 1184. He puts the stop loss at RS 795. The target price on a long term basis is Rs 1150.
Bose picked Biocon as his positional medium term stock. There is an opportunity to buy this stock at the current levels. The stock is currently trading around Rs 419. The technical analyst suggests investors to put a stop loss at Rs 399 on a closing basis. The sell-off in the stock today was on account of the developments in Syngene, where the company has a 75 per cent stake. The medium term target price for this stock is Rs 470-Rs 495. The analyst has this stock in his portfolio.
The technical analyst picked Laurus Labs as his short term pick. This is a contract research company and is one of his five favourite companies in this space. The company may see profits worth millions of dollars, going forward. The stock is currently trading around Rs 620. He puts the stop loss at Rs 578 because of the current volatility, otherwise Rs 590 is a good stop loss. The target price is between Rs 645 and Rs 675.
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