Garden Reach Shipbuilders, IDFC First Bank, Aster DM — Mid-Cap Stocks To Watch
Experts from Reliance Securities and Hem Securities have shared their insights on these stocks, highlighting their potential for growth.
Mid-cap stocks are gaining attention from market analysts, with Garden Reach Shipbuilders and IDFC First Bank Ltd. emerging as top picks. Experts from Reliance Securities and Hem Securities have shared their insights on these stocks, highlighting their potential for growth.
Astha Jain from Hem Securities is optimistic about Garden Reach Shipbuilders & Engineers Ltd., citing strong earnings and a robust order book. The stock is currently trading at Rs 2,844. The stock has risen 4.87% on Tuesday.
Garden Reach is looking very strong on the back of strong earnings, according to her. Going ahead, the kind of order inflow this company is witnessing is exceptional. The company has heavy order books, so the long-term view is also very strong, she said.
Jain advised investors to book partial profits rather than exiting completely, indicating confidence in the company's sustained performance.
Garden Reach Shipbuilders & Engineers Ltd. is a premier shipbuilding company in India, primarily engaged in the construction of warships and other vessels for the Indian Navy and Coast Guard. The company has a rich history of delivering high-quality ships and has a strong order book, ensuring steady revenue streams in the future.
Vikas Jain from Reliance Securities recommends buying IDFC First Bank or RBL Bank, as promising mid-cap stocks. IDFC First Bank is currently trading at Rs 68.06 and it rose as much as 2.22% on Tuesday.
IDFC First Bank has been making strides in the banking sector with its focus on retail banking and digital transformation.
Astha Jain also commented on Aster DM Healthcare Ltd., noting the company's improvements in the hospital space and said investors should remain invested in Aster DM. The stock is trading at Rs 553 and it rose 2.40% on Tuesday.
Aster DM Healthcare is a leading healthcare provider with a presence in multiple countries. The company operates hospitals, clinics, and pharmacies, offering a wide range of healthcare services.
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