HDFC Securities has selected the stock on two criteria – capital preservation (for now) and alpha generation (for later).
The Sensex and Nifty rallied more than 9 percent each to scale new highs of 38,989.65 and 11,760.20 respectively in current week while the BSE Midcap index jumped over 8 percent and Smallcap climbed over 6 percent in two months.
Almost all sectoral indices have reached the overbought zone on daily charts, indicating unfavourable risk-reward ratio in fresh longs from current levels.
Rajesh Agarwal of AUM Capital recommends buying Apollo Hospitals with stop loss at Rs 1035 and target of Rs 1110, NIIT Technologies with stop loss at Rs 1268 and target of Rs 1320 and Tata Steel with stop loss at Rs 558 and target of Rs 583.
The carnage in midcap and smallcaps is a buying opportunity in select stocks
We expect Nifty EPS of FY18/19/20 to be 500/600/720 and expect it to scale 12,000 in FY19, says Sandeep Raina of Edelweiss Investment Research.
Mayuresh Joshi of Angel Broking is of the view that Visaka Industries may test Rs 144 in next 12 months.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have â€“ DCB Bank, Bharti Airtel, Everest Industry, Cyient & Himatsingka Seide.
Watch for these stocks in trade today.
Among midcaps, Prakash Diwan is bullish on ITD Cementation, NCC and Everest Industries.
Pritesh Mehta of IIFL feels that there will be more downsides in Everest Industries." One may switch from Everest Industries and get into Jaiprakash Associates, which is showing signs of good base building," he adds.
In CNBC-TV18's popular show Bull's Eye, Rajesh Agarwal of Eastern Financiers shares trading strategy of the day.
Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.
Rahul Shah said Everest is headed to become a Rs 1,000 crore company this year and MT Educare too has been able to capture a niche market. He suggests a target of Rs 250-260 for Everest Industries, while he is hopeful of MT Educare reaching Rs 140-150.
Everest Industries may rally to Rs 260, says Aashish Tater, Head of Research, Fort Share Broking.
Everest Industries has target of Rs 180, says SP Tulsian, sptulsian.com.
Everest Industries can test Rs 260-265, says Aashish Tater, Head of Research, Fort Share Broking.
Buy Everest Industries, says Siddhartha Chaterjee of Trustline Securities
CNBC-TV18 brings you a brand new week of Bull's Eye. It's the popular game show where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.
Everest Industries has target of Rs 264, says Ashish Tater, Fort Share Broking.