5 midcap stocks ideas that can deliver up to 24% returns in the short-term

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5 midcap stocks ideas that can deliver up to 24% returns in the short-term - Business Standard

Quick Summary:

Aurobindo Pharma, IPCA Labs, Oil India, Mazagon Dock and GIC RE are the 5 midcap stocks that can potentially surge up to 24% from present levels, suggests technical charts.

On the upside, the stock faces near resistance at ₹437; above which the stock can potentially surge to ₹504 levels, with interim resistance possible at ₹452, ₹459 and ₹476 levels.

Intermediate resistance for Aurobindo Pharma seems likely around ₹1,232, ₹1,254, ₹1,290 and ₹1,309 levels.