In an interview with CNBC-TV18, Sacchitanand Uttekar of Tradebulls, shared insights on two stocks with strong growth potential that have caught his attention.

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Uttekar began by discussing the evolving trends in the mid-cap segment of the stock market. He singled out Dr Lal Pathlabs as a stock he has been tracking with great interest. According to Uttekar, this healthcare company has exhibited remarkable performance, characterized by a significant breakout from a rounding bottom formation. On a weekly scale, it has not only surpassed but consistently maintained its position above the 200-week exponential moving average.

The expert's outlook on Dr Lal Pathlabs is bullish, with an expected positional momentum towards Rs 2,730. For the day, he foresees the stock making strides towards Rs 2,640, making it an attractive prospect for investors. Uttekar recommends building long positions in Dr Lal Pathlabs, advising a stop-loss level at Rs 2,510.

Over the past month, shares of Dr Lal Pathlabs have surged impressively, gaining more than 15%.

Shifting his attention to another stock, Uttekar suggested investors consider PVR INOX, major player in the entertainment and cinema industry. He noted that PVR INOX had recently experienced profit booking and exhibited a sequence of lower bottoms. However, a positive development has arisen in the form of a breakout from a falling wedge formation.

Uttekar anticipates a short-covering rally that could drive the stock price towards the range of Rs 1,800 to Rs 1,820 in the near future. Consequently, he recommends investors take long positions in PVR INOX. To manage risk, he suggests setting a stop-loss level at around Rs 1,705.

Although the stock had faced a decline of over 1% in the past month, Uttekar's analysis suggests a potential turnaround on the horizon.

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