In today’s edition of ‘Special Mid Cap Picks’, market expert Jay Thakkar tells Zee Business Managing Editor Anil Singhvi that he is bullish on three companies, namely Tata Coffee, Minda Corp, and Fine Organic Industries in the long term, positional and short-term categories.
Speaking with the market guru, Thakkar explained why he thinks investors should buy these stocks for good returns.
Long Term- Tata Coffee
Thakkar said that he has picked Tata Coffee for the long-term category and added that the risk-reward point of view of the company he has recommended is also becoming clearer around more than 1:2. The correction that has happened has been slow and steady, targets in the upper are still pending and the long-term momentum is positive.
Positional Term- Minda Corporation Ltd
The market expert picked Minda Corporation Ltd for the positional category. He said that the company is a strong steady performer. Momentum is still well in the favor of bulls. The risk review point is 1:2.
Duration: 3 – 6 Months
Target: Rs 260
Stop Loss: Rs 163
Short Term- Fine Organic Industries
Fine Organic Industries is the short-term pick of the expert. He said that the company is India’s one of the largest manufacturers of oleo chemical-based additives. The stock is going up very well at a slow and steady rate, momentum is also very positive. This company is definitely is a steady performer.
Duration: 1 – 3 Months
Target: Rs 4720
Stop Loss: Rs 3750
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