Sanjiv Bhasin recommends buy on Canfin Homes, Motherson, GAIL as his top buys for these targets
Sanjiv Bhasin strategy, stocks today: Today, he recommended three stocks as his top buys.
Sanjiv Bhasin strategy, stocks today: Bank Nifty has logged a lifetime high yet again and thus is a good opportunity for investors to invest in banking stocks, IIFL Securities Director and market expert Sanjiv Bhasin said in a special Zee Business show 'Bhasin Ke Haseen Share'.
Bhasin, while speaking to Managing Editor of Zee Business Anil Singhvi said that IndusInd Bank, ABB India, and Aditya Birla Capital which have outperformed, were previously recommended by him.
Today, he recommended three stocks as his top buys.
Canfin Homes Future
The market analyst said that this stock has the potential to reach a price target of Rs 650 by December end and Rs 720 by the upcoming union budget announcement. Thus, he called this stock his constant and long-term pick.
Buy Price- Rs 568.60
Target Price- Rs 590/620/650/720
Stop Loss- Rs 530
Samvardhana Motherson Future
According to Bhasin, the easing of covid restrictions in China is resulting in the outsourcing of inventories to Original Equipment Manufacturers (OEMs) like this company. Moreover, the company has set up two manufacturing capacities in Algeria and therefore it will be prospecting in the coming time.
Buy Price- Rs 74.45
Target Price- Rs 80/70
Stop Loss- Rs 71
Bhasin said that the company works on reducing carbon emissions and implementing renewable projects. This is the best time to make a buy in this stock as it provides investors with a huge long-term growth opportunity. Moreover, re-rating is on the card.
Buy Price- Rs 93.85
Target Price- Rs 100
Stop Loss- Rs 91
IIFL सिक्योरिटीज के संजीव भसीन ने आज Canfin Homes Fut, GAIL Fut और Samvardhana Motherson Fut में क्यों दी निवेश की सलाह?
— Zee Business (@ZeeBusiness) December 9, 2022
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