Stocks To Buy With Anil Singhvi: This stock will be backbone of stock market - Sanjiv Bhasin explains

In a chat with Zee Business Managing Editor Anil Singhvi during the popular TV Show ‘Bhasin Ke Hasin Share’, analyst Sanjiv Bhasin began by giving updates on his previous recommendations. The technical analyst said that IGL, which was suggested in a previous show has hit a high. Wipro and Motherson Sumi have also achieved their targets, he said. 

He said that investors should make best use of the intraday volatility. 

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भसीन के हसीन शेयर | संजीव भसीन की ट्रेडिंग और निवेश के लिए 2 बेहतरीन PICK#ZBizBazaar @AnilSinghvi_ @IIFLMarkets @sanjiv_bhasin pic.twitter.com/W2y1wnOdfx

— Zee Business (@ZeeBusiness) September 15, 2020

He gave two picks today – one was a trading pick while the other was trading cum investment pick. The latter is a value pick and he said he was keen on buying it at the current levels.  

Top Stocks to Buy: Bandhan Bank  

His first recommendation was Bandhan Bank which has seen a correction from Rs 325 levels. He recommends a buy on the stock at Rs 299. He puts the stop loss at Rs 292 while the target price at Rs 320. He further said that pessimism around banks is overdone and this stock is poised for an uptick.

Top Stocks to Buy: Larsen and Toubro

The analyst picked Larsen and Toubro (LT) as his top buy. Bhasin said that investors can trade it or take delivery but this stock cannot be ignored now. He said that this stock will be the backbone of markets till Diwali. This stock has seen correction around Rs 1000 and is currently trading around Rs 905. He puts the stop loss at Rs 895 and the target price at Rs 950. He expects the stock to achieve levels of around Rs 1050.  

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If the markets have to achieve a new high, LT is the stock to do it, he said.