Stocks To Buy With Anil Singhvi: Sanjiv Bhasin picks Axis Bank, Cholamandalam Finance shares for great gains

Stocks PicksTo Buy With Anil Singhvi: After the sectoral participation in the stock markets' recent rally, Zee Business Managing Editor Anil Singhvi has said that banking and NBFC stocks are getting into bull territory. Keeping that in mind, the Market Guru today asked his expert panel member Sanjiv Bhasin to share his top stock picks with our viewers and the IIFL Securities Director responded with the two shares to buy — Axis Bank and Cholamandalam Finance.

On his top stock pick of the day, Sanjiv Bhasin told Anil Singhvi, "My first pick is Axis Bank as banking stocks are showing bullishness now and Axis Bank can be one of those banking stocks that will lead the rally in the banking sectoral stocks. Recent capital raise has put Axis Bank shares into the safe risk reward zone and one can buy Axis Bank shares at Rs 440 to Rs 445 for the target of Rs 465. However, one must maintain the stop loss at Rs 436 while taking buy position in the Axis Bank stocks."

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On his other recommendation, the IIFL Securities Director said, "My second pick of the day is from the NBFC sector and the name of the share is Cholamandalam Finance. Recently, auto sector has started to register growth after unlock and sales in the sector are peaking. Since, Cholamandalam Finance is a leading auto financer in South India, it is expected to reap huge benefits of this rise in auto sales."

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भसीन के हसीन शेयर: संजीव भसीन ने आज एक्सिस बैंक और चोला इन्वेस्ट में दी खरीदारी करने की राय...जानिए किन लेवल्स पर और कितने टार्गेट के लिए करें खरीदारी?#ZeeBusinessNumber1@AnilSinghvi_ @IIFLMarkets @sanjiv_bhasin pic.twitter.com/0g298fVdkj

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On his suggestion to the stock market traders and investors in regard to the Cholamandalam Finance shares, Bhasin said, "My advice for share market investors and traders is to buy Cholamandalam Finance shares at Rs 230 per share level for the target of Rs 245." Bhasin advised investors to maintain strict stop loss at Rs 225.50 while taking buy position in the Cholamandalam Finance shares.