Mid-cap Picks With Anil Singhvi – Simi Bhaumik recommends 3 stocks for bumper returns

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Market analyst Simi Bhaumik today recommended three mid-cap stocks for investors to buy to generate high returns. In today’s edition of Special Mid Cap stocks show with Zee Business Managing Editor Anil Singhvi, Bhaumik picked stocks with long term, positional medium term and long term view. See which stocks were picked by her (#SPLMidcapStocks)

Long Term Pick: Schaeffler India

The stock should be bought at current levels and incase if the price drops, opportunity should be used to accumulate the stock. Schaeffler India should be bought at current market price with stop loss of Rs 4800 and the target would be Rs 5800 – Rs 6300. The time frame on the stock is 3 to 4 months. The stock seems to give a big breakout from here on. Investors should look at investing in this stock for the long term.

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Positional Term Pick: PNB Housing Finance

The stock has seen strong momentum since yesterday and looks good today as well. The stock should be purchased at current market price with stop loss of Rs 395 and target of Rs 450 – Rs 465. There could be some profit booking in this range. If this range is crossed stock can see levels of Rs 480 – Rs 500. The time frame on this stock is 15 days to 1 month.

Short Term Pick: Greaves Cotton

The stock is seeing some traction since the past 2 to 3 sessions. The stock can see a target of Rs 110 – Rs 115 with stop loss of rs 95. In the next 8 to 10 sessions the stock can even touch Rs 125.