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. These are Adani Green Energy, ABB India, Aptech. (#SPLMidcapStocks)
Long Term Pick: Adani Green Energy
Adani Green Energy stock is trading near its long term support zone. Once the stock went below its 50 dma of Rs 985, however, the stock is holding its 100 day exponential moving average. Adani Green Energy stock has formed a strong bottom base around Rs 900 – Rs 920. After double bottom formation on this stock, it can give a breakout after crossing Rs 1016 levels. The stock is showing good momentum in today’s trade. Adani Green Energy target price is Rs 1130 – Rs 1150 and the hold period on the stock would be 3 to 6 months. The stock can run up further than the targets. The stop lo
IRFC IPO Review: Anil Singhvi says IRFC shares will yield better returns than FDs - Details inside
IRFC IPO: Zee Business Managing Editor Anil Singhvi says that the equity size of Indian Railway Finance Corporation is very big, so the share price will not move quickly. Also, as the share price is low, that is Rs 25 Rs 26, and many investors will buy this share. Regarding IRFC strengths, the Market Guru said it is a Government company (parentage is very strong) and it is AAA rated company.
IRFC IPO: 3 Important positives
Anil Singhvi highlights that there is nothing to worry regarding IRFC Balance sheet and Financials. The revenue and profit visibility of the company is extremely clear for next few years; it will keep on earning good profits for years to come. Anil Singhvi says basically, IRFC is the financier of Indian Railways. IRFC arranges major part of the finances that Indian Railways need. IRFC arranges for the finance after understanding the needs and requi
Profitmart Securities Avinash Gorakshakar, in his chat with Zee Business Managing Editor Anil Singhvi has recommended buying into Repco Home Finance from the housing finance sector. Major business of Repco Home Finance comes from South of India. The company is headquartered in Chennai, Tamil Nadu. Repco Home Finance is operating through 131 branches and 29 satellite centres in Tamil Nadu, Andhra Pradesh, Jharkhand, Kerala, Karnataka, Maharashtra, Madhya Pradesh, Gujarat, Odisha, West Bengal and Puducherry.
48% of the Repco Home Finance business comes from salaried class people while 52% of the business comes from people who are self employed. The performance of the company was very good last year. The Dividend policy and Business model of Repco Home Finance is extremely strong.