Mid-cap Picks with Anil Singhvi: Jay Thakkar picks Kaveri Seeds, Trident, and MMTC for top returns

In a chat with Zee Business Managing Editor Anil Singhvi today, market expert Jay Thakkar recommended his top three mid-cap stock picks for investors to buy, which he said have great potential to earn bumper returns. These stocks were recommended with long-term, positional medium-term, and short-term views. Know why this analyst thinks these stocks hold promise!

Thakkar recommended his top three mid-cap stock picks for investors to buy: Zee Business

In a chat with Zee Business Managing Editor Anil Singhvi today, market expert Jay Thakkar recommended his top three mid-cap stock picks for investors to buy, which he said have great potential to earn bumper returns. These stocks were recommended with long-term, positional medium-term, and short-term views. Know why this analyst thinks these stocks hold promise!

Long Term Pick: Kaveri Seeds

The market analyst expects Kaveri Seeds to show an upside of 50 per cent in the long-term view. In FY21, the stock showed recovery and posted a rally till August, though it was an impulsive move, but from August to March there has been healthy correction and consolidation, says Thakkar.

TRENDING NOW

See Zee Business Live TV Streaming Below:

The expert states, the stock which is currently trading at Rs 618 per share, may see a target achieving Rs 900 per share as, since March, a momentum is seen in this stock. He points out, a double bottom pattern breakout is seen as well as higher tops and higher bottom formation has been also been started. Interestingly, a golden crossover is also visible in this stock, says Thakkar while setting a stop-loss of Rs 530 per share, creating a risk load of 1:3 ratio.

Positional Pick: Trident

Thakkar says, Trident had been a strong performer and giving bumper returns in the past. The stock has shown a good consolidation in the last three months, after a run-up from Rs 9 to 16 per share, says the expert adding further the buying took place in huge volumes.

निवेश शॉर्ट टर्म हो या पोजीशनल या लॉन्ग टर्म... किन मिडकैप शेयरों में बनेगा पैसा?

जय ठक्कर से जानिए दमदार फंडामेंटल वाले 3 बेहतरीन मिडकैप स्टॉक्स#SPLMidcapStocks #StockMarket @AnilSinghvi_ @JayThakkar22 pic.twitter.com/V0N8gERvhC

— Zee Business (@ZeeBusiness) May 7, 2021

The analyst says a next upside leg of Rs 23 per share could be expected on positional perspective as a momentum of reverse has formed, he sets a stop-loss Rs 11 per share.

Short Term Pick: MMTC

The analyst had been recommending MMTC since it was at Rs 22 per share, after a breakout was established. He adds, MMTC when suggested the first time had shown an inverse head and shoulder pattern for a target of Rs 30-35 per share, it was achieved in stipulated time.

Thakkar again recommended it at Rs 30 per share for a target of Rs 40 per share and even that was achieved. In the current run, we see a clear falling channel breakout and its fourth wave of consolidation has ended, says the expert setting a target of Rs 54 apiece and stop-loss of Rs 41.5 per share.

TAGS:

Kaveri Seed MMT