Mid Cap Picks with Anil Singhvi: Bombay Burmah, Fine Organic and Gujarat Alkalies are Jay Thakkar's top recommendations

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In conversation with Zee Business Managing Editor Anil Singhvi, Market Analyst Jay Thakkar has recommended three stocks that he expects to generate good returns for investors. On the ‘Special Midcap Stock Picks’ show, he picked three shares from long-term, positional and short-term view.  

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Jay Thakkar picked Bombay Burmah as his long-term pick. He said investors should buy this share with a target of Rs 1890 in 9 to 12 months period. ” There is very clear breakout in this counter. It has completed s three-way corrective pattern and I can’t see any resistance in this scrip before Rs 1500 to Rs 1550. One could also pick this share from medium term point of view and can book profit around Rs 1500,” said Thakkar.  

In positional category, the market analyst picked Fine Organic Industries Ltd. Thakkar said the target for this share would be Rs 3100. “It has given a breakout from falling channel. It has been a trending stock and has given good returns in the past too. Breakout with increase in volume suggests that there shouldn’t be any correction in near future in Fine Organic shares. Stop-loss for this counter would be Rs 2400. It is offering a perfect risk reward ratio of 1: 2.5 and momentum on all charts is in bullish territory, ” he said.  

Talking about short-term pick, he recommended Gujarat Alkalies & Chemicals Limited. Thakkar said this share is technically good from short-term point of view. The important thing about this counter is that it is giving clear buy crossover momentum in all three aspects —monthly, weekly and daily. Gujarat Alkalies should achieve a target of Rs 410 in one to three months and stop-loss is Rs 352.