The midcap segment has always been popular among domestic retail investors. The reason for this is that there are more than one and more options for investment in it.
Best Midcap Stocks: If you are looking for better stocks to invest in the midcap segment, today’s list is ready. The fundamentals of these stocks are looking strong, while their valuations are also very strong. These can further give high returns to the investors in the short term to the long term. Anyway, the midcap segment has always been popular among domestic retail investors. The reason for this is that there are more than one and more options for investment in it. Even after a strong rally in the last one year, there is still a lot of scope left in this space. The way the macro conditions are improving in the country, even further good growth is expected in midcap companies. Today’s list includes Fine Organic Industries, Raymond, Elecon Engineering, IB Real Estate, Sona BLW Precision and KPR Mill. In a conversation with dgmartpro Business Managing Editor Anil Singhvi, market analysts Vikas Sethi and Rajesh Palvia have chosen these as their choices. You too can earn good profits by investing money in them.
Liked by Rajesh Palvia
Long Term: Fine Organic Industries
Rajesh Palvia has advised to invest in Fine Organic Industries for long term. A target of Rs 3800 has been given in the stock. While keep a stop loss at Rs 3500. He says that the stock is trading in the Bullish Territory, while there is volatility in the market. It is expected to grow further from here.
Rajesh Palvia has recommended investment in Raymond as a positional pick. A target of Rs 590 to Rs 610 has been given for the stock. Whereas it is advised to put a stop loss at Rs 475. There is an uptrend in the stock for the last few days. Strength remains on the daily and weekly charts.
Short Term: Elecon Engineering
Rajesh Palvia has advised to invest in Elecon Engineering for the short term. A target of Rs 230 has been given for the share. Whereas it is advised to put a stop loss at Rs 175. Looking at the daily chart, there has been a breakout of a multiple resistance zone in the stock.
Vikas Sethi’s Choice
Long Term: IB Real Estate
Vikas Sethi has advised to invest in IB Real Estate for long term. A target of Rs 250 has been given for the share. He says that there is every possibility of rerating of the company. The outlook for the real estate sector is good. Home loan rates are at lower levels, which is positive for the company.
Positional: Sona BLW Precision
Vikas Sethi advises to invest in Sona BLW Precision as a positional pick. A target of Rs 760 has been given for the share. Whereas it is advisable to put a stop loss at Rs 695. This is auto component stock. This is a solid quality company. The company’s focus is on the EV segment. The order book of the company is better.
Short Term: KPR Mill
For the short term, Vikas Sethi has advised to invest in KPR Mill. He has given a target of Rs 525 for the share. Whereas it is advisable to put a stop loss at Rs 485. The stock is currently trading at a good valuation. Apart from textiles, the company also has a sugar business. The company also manufactures ethanol.