In chat with Anil Singhvi, analyst Sanjiv Bhasin recommends Adani Ports, NTPC for high returns

The share markets are witnessing a strong uptrend. Today, there was a short covering buying stroke in mid cap stocks and bank stocks today during the intraday trading too, analyst Sanjiv Bhasin said. Giving his view on what to expect going forward, he added that the markets are on their way up towards the 12000 mark. 

Taking up his earlier recommendation of HDFC Bank, Bhasin said that it has given excellent returns to investors as the share price touched Rs 1900 mark. This stock was recommended at Rs 1600. He said that there will be a recovery in the banks, going forward. Bandhan Bank also hit the target price. However, he said that in SAIL, the stop-loss has been triggered and so, investors should exit it.  

Watch Zee Business Tweet Video Below:

भसीन के हसीन शेयर: जानिए संजीव भसीन ने आज किन 2 शेयरों को चुना आपके मुनाफे के लिए?@AnilSinghvi_ @IIFLMarkets @sanjiv_bhasin pic.twitter.com/ylhPkrBdaA

— Zee Business (@ZeeBusiness) October 6, 2020

Today, the IIFL Director recommended two stocks and both were buys.    

Top Stocks to Buy: Adani Ports  

His first buying pick was Adani Ports. He said that the rerating in this stock is imminent. This stock is currently trading around Rs 362. He puts the stop loss at Rs 355 while the target price at Rs 385-390. Their acquisition of Krishnapatnam Port will make them a market leader. He said the company saw excellent sales in Mumbai which will benefit it.    

See Zee Business Live TV Streaming Below:

Top Stocks to Buy: NTPC  

Bhasin picked another stock from the power sector. He said that NTPC will give bumper returns to the investors and this stock is available at very reasonable valuations. This stock is currently trading around Rs 84. He puts the stop-loss at Rs 75 while the target price was between Rs 90 and Rs 92.