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Stocks to buy: Sanjiv Bhasin picks AU Small Finance Bank, Mindtree, MCX for gains today; check why
Stocks to buy: Market expert and IIFL Securities Director Sanjeev Bhasin on Tuesday that the market reached 15965 and it will likely reach 16000 by the end of the day. He predicted that it will reach 16800 this month. He also picked three midcap stocks for investors that can yield high returns.
Stocks to buy: Market expert and IIFL Securities Director Sanjeev Bhasin on Tuesday that the market reached 15965 and it will likely reach 16000 by the end of the day. He predicted that it will reach 16800 this month.
He said midcaps IT and IT will do extremely well in the market because inflation will fall. He is very positive about midcaps and said outperformance will come in this.
The outlook was given by him while speaking with Zee Business Managing Editor and Market Guru Anil Singhvi in the popular TV show ‘Bhasin Ke Hasin Share', in which, he picked three midcap stocks for investors that can yield high returns.
Talking about the updates on the market, Bhasin said the Ultra-Tech suggested yesterday has been an outperformer today. Gujarat Gas, SBI, Jubilant Food, Deepak Nitrite, and Tata Motors exceeded their targets, he added.
For Today, Bhasin recommended three mid-cap stocks that will help investors make money in the near term.
AU Small Finance Bank Limited
Bhasin recommended AU Small Finance Bank Limited stocks as his first pick. He said the credit growth of AU Small Fin is very strong. Apart from that, the CASA ratio is also strong. He said Rs 585 would be the minimum target for AU Bank.
Price: Rs 572.55
Target: Rs 585
Stop Loss: Rs 555
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Bhasin recommended Mindtree Ltd stocks as his second pick. He said that the merger of Mindtree and LTI is very positive. Also, the valuation of Mindtree is very good and the results are very nice.
Price: Rs 2877.40
Target: Rs 3000
Stop Loss: Rs 2820
Bhasin recommended Multi Commodity Exchange of India Ltd stocks as his third pick. He said this stock will be the biggest gainer.
Price: Rs 1320.00
Target: Rs 1400/1420
Stop Loss: Rs 1270
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