3 medium-cap stocks to buy: City United Bank and 2 other stocks, up to 39% potential upside potential
The Indian Stock Index closed in red today on July 18 due to the sale of the stock and bank shares. The persistent FII outflow due to trade deal issues also played a role in dragging down the market on Friday.
Sensex ended at 81,757.73 and dropped 501.51 points today, or 0.61%. The 30-share index started at 82,193.62 in the negative region and dragged further, at an intraday low of 81,608.13, under sales pressures such as Axis Bank and HDFC Bank, as well as Kotak Bank.
Meanwhile, market expert Ambareesh Baliga offers some medium stocks for short-term, position and long-term, where investors can invest for 3 to 12 months and expect to make good profits.
City United Bank
In the short term, Baliga made a “buy” proposal for City United Bank. The bank has 870 bank branches. It lends to traders and MSMES. It also works in retail, housing, gold loans and home loans.
You can make short-term investments with a goal of Rs 250. Today, on July 18, the stock closed at Rs 212.9. This means it can provide up to 17% upside from its last closing price.
Lady’s food
During his position, Mrs. Bectors Food had purchasing advice. It is engaged in bakery products. Its flagship brand is British oven, cretica.
The expert’s goal is Rs 1,830. You can invest for 3-6 months. The stock closed at Rs 1,544.10 today (July 18). This means it can provide up to 19% upside from the last closing price.
Gravitas, India
In the long run, we recommend buying Graditas India. This is a recycling company based in Jaipur. The company has four recycling plants in India. It also has 7 plants abroad.
Baliga’s target is Rs 2,400. The stock closed at Rs 1,730 today (July 18). This means it can provide up to 39% upside from its last closing price.
The opinions/suggestions expressed here in this article are only from investment experts. Zee Business recommends its readers consult their investment advisors before making any financial decisions.
