Midcap and Smallcap Stocks to Watch: Potential Gains of Up to 23%
Redington, NCC & 3 SMID stocks may soar up to 23%: Rohan Shah, Asit C Mehta
Business Standard
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Rohan Shah, a technical analyst at Asit C. Mehta Investment Intermediates Limited, highlights several midcap and smallcap stocks with significant upside potential. Key recommendations include Zydus Wellness, Redington, NCC, Vardhman Textiles, and Aarti Industries, with expected gains ranging from 22.8% to 23% based on current market conditions.
- 01Zydus Wellness has a potential upside of 22.8% with targets of ₹575 and ₹630.
- 02Redington is expected to rise to ₹245-₹250, with a stop-loss below ₹200.
- 03NCC shows signs of recovery with targets of ₹185-₹192 after a significant correction.
- 04Vardhman Textiles could reach ₹675 following a breakout from a four-year pattern.
- 05Aarti Industries is projected to hit ₹550 after a bullish trend reversal.
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Rohan Shah, a technical analyst at Asit C. Mehta Investment Intermediates Limited, identifies several promising midcap and smallcap stocks for investors. Zydus Wellness, currently priced at ₹513, has shown a bullish trend with a potential upside of 22.8%, targeting ₹575 and ₹630. Redington, at ₹219, is in a strong uptrend, with targets of ₹245-₹250 and a stop-loss set below ₹200. NCC, which has faced a 64% decline from its peak, is showing signs of recovery, with targets of ₹185-₹192 after rebounding from key support levels. Vardhman Textiles, last priced at ₹605, has broken out from a significant pattern, with a target of ₹675. Finally, Aarti Industries, priced at ₹485, is expected to reach ₹550 following a bullish reversal pattern. Investors are advised to buy on dips and set appropriate stop-loss levels to manage risk.
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Investors in midcap and smallcap stocks may find opportunities for significant gains, potentially enhancing their portfolios.
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