Business & Investment

Mid-cap pick by 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 the top three mid-cap stocks available to investors. This has great potential for bumper returns, he said. These stocks were recommended from a long-term, positional, medium-term, and short-term perspective. Find out why this analyst considers these stocks to be promising!

Long term choice: Kaveri Seeds

Market analysts expect Kaveri Seeds to show a 50% increase in the long run. Despite impulsive movements in 2009, stocks recovered and rose until August, according to Tucker, with sound revisions and consolidations from August to March.

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According to experts, shares currently trading at 618 rupees per share may be expected to reach 900 rupees per share as the shares gain momentum from March onwards. He points out that not only is there a breakout of the double bottom pattern, but the formation of higher tops and higher bottoms has also begun. Interestingly, the stock also has a golden crossover, says Tucker, but sets a stop loss of 530 rupees per share, creating a 1: 3 ratio of risk load.

Positional Pick: Trident

According to Tucker, Trident has been a strong performer in the past and has provided bumper returns. Experts say stocks have shown good consolidation in the last three months after rising from Rs 9 to Rs 16 per share, experts say more bulk purchases have been made.

Analysts have set a stop loss of Rs 11 per share, saying that the momentum of the reversal has been formed and that the next up leg of Rs 23 per share is expected from a position perspective.

Short-term pick: MMTC

Analysts recommended MMTC as it was 22 rupees per share after the breakout was established. He added that when MMTC was first suggested to show a reverse head and shoulder pattern against a target of Rs 30-35 per share, it was achieved within a stipulated time.

Thakkar re-recommended it at Rs 30 per share against the goal of Rs 40 per share, and even that was achieved. In the current practice, there was a clear down channel breakout and the fourth wave of integration was over, experts set a target of 54 rupees per share and a stop loss of 41.5 rupees per share. Is called.



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

https://www.zeebiz.com/market-news/news-mid-cap-picks-with-anil-singhvi-jay-thakkar-picks-kaveri-seeds-trident-and-mmtc-for-top-returns-156286 Mid-cap pick by Anil Singhvi: Jay Thakkar picks Kaveri Seeds, Trident, and MMTC for top returns

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