Mon Dec 02 05:43:54 UTC 2024: ## Market Volatility Prompts Expert Recommendation of Defence PSU Stock

**Mumbai, India** – Amidst heightened volatility in the Indian stock market, financial expert Mehul Kothari of Anand Rathi Securities has recommended three mid-cap stocks for short-to-long-term investment. The expert’s picks are tailored for different investment horizons, focusing on companies that have seen recent corrections.

For long-term investors, Kothari suggests **Cochin Shipyard**, a defence sector company specializing in shipbuilding. The stock, currently trading at ₹1432 after a 55% correction from its July high of ₹2980, is seen as a strong buy. Kothari projects a target price of ₹1800 within the next 9-12 months, with a stop-loss at ₹1200.

A positional investment (medium-term) is recommended in **LIC**, currently trading around ₹900-₹905. After a correction of 23-25% from its August high of ₹1222, Kothari suggests a target price of ₹1010 with a stop-loss at ₹860. Technical analysis indicates the stock is nearing multiple support zones, suggesting potential rebound.

For short-term traders, **Nykaa** is the suggested pick. Trading around ₹165, after a 30% correction from its 52-week high of ₹230, Kothari advises buying only above ₹170, with a target price of ₹190 and a stop-loss at ₹159. The expert sees signs of a potential reversal in the stock’s trend.

**Disclaimer:** *These recommendations are from a brokerage house/expert and not from this news outlet. Consult your financial advisor before making any investment decisions.*

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