In the past week, the midcap index of the stock market has risen by 3%. Today, the Indian stock market has reached its all-time high, with the Nifty index also hitting its all-time high. It is expected that the stock market will continue to rise in the coming days. Stock market experts have selected 3 best midcap stocks for investors and have recommended investing in them. Let’s gather more information about these stocks.
The share of the delivery company closed at Rs. 393.50 on Tuesday, 5th December 2023, with a decline of 1.53%. Experts have advised buying shares of this company, which is considered as India’s largest courier service company. The company’s express parcel delivery service is growing rapidly, thanks to e-commerce distribution. Therefore, experts have set a target price of Rs. 550 for the share, which is 40% higher than the current level.
The share of J.K. Paper company closed at Rs. 394 on Tuesday, 5th December 2023, with a rise of 6.79%. Experts have set a target price of Rs. 468 for the share, which is 26% higher than the current price. On Wednesday, 6th December 2023, the share was trading at Rs. 400, an increase of 1.59%.
Experts have also advised buying shares of CESC company. The share of the company closed at Rs. 118.60 on Tuesday, 5th December 2023, with a rise of 8.91%. The target price for the share is set at Rs. 110, according to market analysts. In the past month, the share has provided a 20% return to its investors. On Wednesday, 6th December 2023, the share was trading at Rs. 119, an increase of 1.11%.
Stocks To Buy 6 December 2023:
1. Delhiwari Company (Stock symbol: DEL) ★The stock closed at Rs. 393.50 with a decrease of 1.53% on Tuesday, 5 December 2023. Experts recommend buying this stock as the company is considered to be India’s largest courier service company. The company’s express parcel delivery service is growing rapidly, and its business outlook seems strong due to e-commerce distribution. The target price for the stock is set at Rs. 550, which is 40% higher than the current price.
2. J.K. Paper Company (Stock symbol: JKP) ★The stock closed at Rs. 394 with an increase of 6.79% on Tuesday, 5 December 2023. The stock has a 52-week high of Rs. 453 and a low of Rs. 306. Experts recommend buying this stock as the target price is set at Rs. 468, which is 26% higher than the current price. On Wednesday, 6 December 2023, the stock was trading at Rs. 400, with a further increase of 1.59%.
3. CESC (Stock symbol: CESC) ★The stock closed at Rs. 118.60 with an increase of 8.91% on Tuesday, 5 December 2023. The stock has a 52-week high of Rs. 103 and a low of Rs. 62. Experts suggest buying this stock as it is expected to reach a price of Rs. 110 in the coming days. In the past month, the stock has provided a 20% return to its investors. On Wednesday, 6 December 2023, the stock was trading at Rs. 119, with a further increase of 1.11%.
Note: This information is for informational purposes only and should not be considered as financial advice. It is always recommended to do thorough research and consult with a financial advisor before making any investment decisions.
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Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
