Stock to Buy: The domestic stock market is making new records every day. On Tuesday (July 9), Sensex and Nifty made a new record high. Along with this, there was a rise in the midcap and smallcap index. Amidst the rally in the market, Mehul Kothari of Anand Rathi Shares and Stock Brokers has selected 3 best midcaps for short term, positional and long term. Investors can get great returns in these.
Mehul Kothari has picked Mangalore Refinery and Petrochemicals (MRPL) in the long term pick. It has advised to invest from a perspective of 9 to 12 months. The target of the stock is given at Rs 272. The stop loss is to be kept at Rs 212. On July 9, the stock closed at 233.25, up 6.58 percent. The stock can jump more than 16 percent from the current price. Experts say that for the last few days, petroleum stocks have seen very good traction. Life high is around 290. A good upside can be seen in the coming days. Buying is recommended in this.
