Buy Marg, Aegis Logistics and Swaraj Engines: Sandeep Wagle

Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, www.aptartindia.com, speaks to ET Now about Marg, Aegis Logistics and Swaraj Engines.

Do you still like Marg, Aegis Logistics and Swaraj Engines?

I believe that this is a time for stock picking and as we are observing that Nifty is not going anywhere, it is locked in a 5-7% range and whereas individual stocks have the ability to move up 40-50% upside. We have talked of GIC Housing Finance, which has already moved 40-45-50%. We have talked of Tube Investment, we have talked of Hind Petro, we have talked of Aegis Logistics. Marg is a stock, which we have recommended just yesterday and at a price of around 200 levels, I find this as very attractive. Today it is around 208 or something around that and I have a short-term target of 240-250, this is more of a trading target over the next few weeks and talk of the next 6 12 months, I would talk of the comfortable talking of a target of 290-300 or possibly even more and this stock can be an outperformer over the next 6-12 months. Now sometimes a target come a little earlier also or it could be 2-3 months here and there. Other stocks that I have talked of, I have talked of Wockhardt, which has already outperform the target, now there are times when this also happens. Aegis Logistics, Hind Petro, Swaraj Engines and Marg are the four stocks that I would talk of. I would talk of a 30-40-50% upside from current levels or a little bit of declines. This sideways consolidation should be used to buy the stocks by long-term investor and if one can stay put for 6-12 months, one can make a decent return of 40-50% and not trade in it because we have a tendency to book profits if there is a 10-12% upside and we lose on the big moves.