Mid-cap Picks With Anil Singhvi: This analyst recommends Orient Cement, Apl Apollo Tubes and Just Dial for good return | Here is why

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Market expert Rajesh Palviya while talking to Zee Business Managing Editor Anil Singhvi, on the Special Midcap Stock Picks show, on Monday was bullish on Orient Cement, Apl Apollo Tubes Ltd and Just Dial.  He recommended these shares with long-term, positional and short-term perspective. Here is why the market analyst picked these three stocks.

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Analyst Palviya picked Orient Cement as his long-term pick. Talking about Orient Cement share, he said it has seen a breakout on weekly chart and the way buying action in this stock has been seen consistently in the last 3 to 4 weeks, I believe it should be bought with long-term horizon. The way the stock has given a reversal after forming a base, it shows that the share could move upward towards Rs 140. I would recommend buy and accumulate for this share in the range of Rs 87 to Rs 91.50. The stoploss should be Rs 80 and target should be Rs 130 to Rs 140 for this scrip in the long term, he said.  

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Talking about positional pick, he said he has picked Apl Apollo Tubes share as chart setup of this stock across all time frame is positive. It has also witnessed consolidation from the last 10 to 15 days on the daily set up basis, he said. “The way this stock has seen buying action in the last two to three days and there is also a breakout on daily chart, it appears its uptrend will resume again.  On positional basis, there should be a target of Rs 1100. Even if there is a corrective action, it should be accumulated. The suggested range for buying is Rs 945 to Rs 974. Stoploss will be around Rs 915,” Palviya said.

For short term pick, the market expert recommended Just Dial share. The stock has seen correction from its high in the range. It has retested its multiple support range of Rs 600 and given a pullback from the same level. On near term chart, the stock is trading in positive territory.  The suggested range to buy this scrip is Rs 675 to Rs 694. Put a stoploss around Rs 655. Target for this stock is Rs 770,” he added.