Sanjiv Bhasin picks these two stocks for gains- check target price, stop loss, other details
In conversation with Anil Singhvi, Managing Editor at Zee Business, Sanjiv Bhasin, Director-IIFL Securities Ltd picked two stocks that is Dr Reddy's Laboratories Ltd and Dalmia Bharat Ltd for profit booking.
In conversation with Anil Singhvi, Managing Editor at Zee Business, Sanjiv Bhasin, Director-IIFL Securities Ltd picked two stocks that will give good returns and profit to the investors.
He picked Dr Reddy's Laboratories Ltd and Dalmia Bharat Ltd for the same. He also said that Bank Nifty will outperform and there is no doubt that in the first week of November, 2021 it will reach the levels of Rs 42500- 43000. Bank Nifty is going to lead from the front, he added.
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Giving his outlook on both the stocks that is Dr Reddy's and Dalmia Bharat, he said:
1. Dr Reddy's Laboratories Ltd: Bhasin suggested investors to buy futures of next month at Rs 4690-4710. He advised to keep the stop loss at Rs 4600 and gave a target of Rs 4850. He further said that according to him the company will give very strong results because its Russian business is doing extremely well.
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2. Dalmia Bharat Ltd: Speaking on the company he said that it is from cement sector and its quarterly result will be out today. He said that a target of Rs 2020 can come and gave a stop loss of Rs 1935-1955.
It can be noted that the shares of Dr Reddy's Laboratories were trading at Rs 4,684.95, up by 18.75 points or 0.40 percent at 1:12 pm on NSE. While on BSE it was at Rs 4,684.00, up by 16.30 points or 0.35 percent.
Meanwhile, the shares of Dalmia Bharat were trading at Rs 1,982.25, up by 37.65 points or 1.94 percent at 1:12 pm on NSE. While on BSE it was at Rs 1,982.35, up by 41.40 points or 2.13 percent.
(Disclaimer: The views/suggestions/advices expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)
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