Stocks to buy today: In chat with Anil Singhvi, Sanjiv Bhasin picks Shree Cement, Marico, says mid cap story only getting better

The Nifty 50 is up by over 100 points from the 11000 mark and nothing like the current rally has happened over the last three to three-and-half-months, Market Expert Sanjiv Bhasin told Zee Business Managing Editor Anil Singhvi today.

While the market has been gaining from strength-to-strength, there is a “feeling of being left out” that has sprung up in many investors now. However, according to Bhasin, "On every fall, there is a buying opportunity." These investors also have an opportunity of booking profits.

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भसीन के हसीन शेयर: संजीव भसीन ने आज किन 2 शेयरों में निवेश की दी सलाह? जानें यहां#ZBizBazaar @AnilSinghvi_ @IIFLMarkets @sanjiv_bhasin pic.twitter.com/w8AkaQfNxe

— Zee Business (@ZeeBusiness) July 21, 2020

He however, cautioned investors, indicating that this upside is for this week. He would review the situation next week, he further said.

Bhasin also told the Market Guru that the mid cap story is only getting better after the results by some large cap companies in sectors including cement, insurance, technology and banks were announced. The Mid cap stocks are likely to see a good rally from here, he said.

Bhasin, who is the Director of IIFL Securities said that his two calls for Tuesday are Buy calls. The first is Shree Cement. He puts the stop loss at Rs 22,400 while the target price is between Rs 23,250 and Rs 23,500. The stock is currently trading around Rs 22,733.

His other Buy call is Marico Limited. The company stock is currently trading around Rs 358. He puts the stop loss at Rs 352.50 while the target price is Rs 372.   

He also said that his Buy calls of Monday – ICICI Bank and Sun Pharmaceutical – were on top. While the latter has hit the target, the former is on the low. One should book profits and also short the positions on the stocks, respectively.

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His other calls were DLF and NBCC. The former is at a day’s high. He said that he is revising the target upwards at Rs 155. Bhasin expects a big relief for the real estate sector from the government. He said that Godrej Properties and DLF can lead from the front.