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Stocks to Buy with Anil Singhvi: Last leg of correction in markets, says Sanjiv Bhasin; analyst picks HCL Tech, Cummins, Hindustan Copper for high returns
In yet another episode of Bhasin Ke Hasin Share, market expert Sanjiv Bhasin picked three stocks for high returns.
In yet another episode of Bhasin Ke Hasin Share, market expert Sanjiv Bhasin picked three stocks for high returns. The IIFL Director made recommendations to Zee Business Managing Editor and Market Guru Anil Singhvi.
Bhasin said that investors must expect volatility in the markets and the weakness in Dow Jones.
He said that he expects today would be the last day of global volatility because the markets are grossly oversold and the US treasury yields are getting priced in. He opined that a moderate or slightly higher infation is indicative of growth.
Talking about the domestic equities Bhasin said that this could be the last leg of correction and stocks including Bajaj Finance, Infosys and L&T will likely see high growth.
He was optimistic on the Nifty50 outlook and expected a revisit to 18,300 level before the Budget 2022. Buy on decline strategy is recommended, he said adding that this correction is a great opportunity for investors to make inroads. As for the traders, they must move with the profit and loss, he suggested.
Talking about the outlook, Bhasin said by the decline keep your volatility. If you are a trader then go with both profit and loss. But if you are an investor then there is no better chance than this.
On his updates, he said that Bandhan Bank Ltd, Axis bank, Chola Finance, IGL have all met their targets.
Money is doubling because of the volatility in the market, he added.
Yesterday, Bhasin said Maruti and Eicher are going constant positive. Maruti Suzuki is in great demand. whereas there are unprecedented demands of Eicher motors' bullet in rural India. Apart from that Eicher Motors commercial vehicle with Volvo is doing a very outstanding business.
So, don't miss the opportunity of buying these quality stocks like Eicher Motors and Maruti Suzuki, he suggested.
He then added the other two budgets' picks are GMR which is an international play and BEL, he further said.
For today, Bhasin recommended three stocks depending on the market. Two of them are quality stocks and one is trading call.
Bhasin recommended HCL Technologies stocks. He said HCL's numbers are way ahead than any other parameters. This company fits well in both value and growth.
Buy: Rs 1185
Target Price: Rs 1235/1240
Stop Loss: Rs 1165
Bhasin said the second buy is again quality stock - Cummins Inc.
Buy: Rs 952.85
Target Price: Rs 1000
Stop Loss: Rs 940
Hindustan Copper Ltd.
Bhasin recommended the third stock - Hindustan Copper Ltd. He said copper prices are hitting new highs in China.
Buy: Rs 133.90
Target Price: Rs 140
Stop Loss: Rs 130
For More Details Watch Full Video Here:
भसीन के हसीन शेयर
IIFL सिक्योरिटीज के संजीव भसीन ने आज किन स्टॉक्स में दी निवेश की सलाह?
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