Midcap Stocks – The stock market is an ocean, allowing you to withdraw as much money as you want. Just a few strategies and expert stock advice can ensure sound investments and good returns. The stock market is risky. Jumping into it without knowledge can be extremely risky. Therefore, seek expert advice before investing. Today, the experts at SPL Midcap Stocks bring you the lowdown.
Top Midcap Stocks to Invest in. Making the right short-, long-, and positional bets on midcap stocks can yield impressive returns. Today, technical analyst Simi Bhowmik and MOFSL’s Hemang Jani have selected six midcap stocks for you. These stocks include Specialty Restaurants, Arvind SmartSpaces, Adani Green Energy, Greaves Cotton, Gujarat Fluorochemicals, and Indian Bank. We’re providing target prices and stop losses for these stocks.
Technical analyst Simi Bhowmik’s 3 favorite midcap stocks for short-term, positional, and long-term-
1. Short Term- Specialty Restaurants
According to technical analyst Simi Bhowmik, this stock is a good investment for the short term. The long-term charts look excellent. The stock has performed well today. There is a lot of confidence in the stock. It is trading around 278. Stop loss should be at 255. Target prices are 295/310/330.
2. Positional Term- Arvind SmartSpaces
According to technical analyst Simi Bhowmik, this stock broke out yesterday but surrendered by the close. A breakout isn’t visible yet, but the charts indicate it’s in consolidation mode. Buy at current levels. It’s trading around 331. Buy only a small amount. The charts show a projection of 370/380, but it could also go as high as 400. Keep a stop loss at 300.
3. Long Term- Adani Green Energy
According to technical analyst Simi Bhowmik, Adani Green Energy has been selected for the long term. This stock came on the radar due to yesterday’s breakout. It is expected that it will return to the high level from which it fell. It saw a one-sided rally from 2020 to April-May 2022. It has just broken out and is continuing its momentum. The stock is currently trading around 2163. Buy a little from here; if it goes down a little, you can accumulate more. Stop loss will be 2000. Targets will be 2550/2800/3000.
Hemang Jani of MOFSL has selected these 3 best midcap stocks for short-term, position, al long-term
1. Short Term- Greaves Cotton
According to Hemang Jani of MOFSL, the company is in the electric vehicle segment. The company has performed well in two-wheelers and three-wheelers. At the Auto Expo, the company presented a prototype powertrain. EVs hold good potential for the Indian market. The auto sector also appears to be improving. Furthermore, the stock has corrected slightly. Currently, the stock is trading around 142. The target will be 168.
2. Positional Term- Gujarat Fluorochemicals
According to Hemang Jani of MOFSL, this company has consistently performed well. The return ratio has also been quite good. The stock recently corrected by 30%. Fundamentals and quarterly results are also expected to be positive. The stock is trading around 2865. It can be considered a buy with a target price of 3275.
3. Long Term – Indian Bank
According to Hemang Jani of MOFSL, Indian Bank is a PSU bank stock. We have seen a significant turnaround in PSU banks across several aspects, including return on assets, loan growth, and asset quality. The second quarter results were good, and the third quarter could be even better. This sector will perform well in 2023 as well. The chart is also good. This stock is currently trading around 288. The target price would be 335.
