Top Stock Picks with Anil Singhvi: Buy Tata Motors, Cadila Healthcare shares for big gains, says Sanjiv Bhasin

Top Stock Picks with Anil Singhvi: Amid Bank Nifty showing signs of recovery in the second half of the trading session, Zee Business Managing Editor Anil Singhvi asked IIFL Securities Sanjiv Bhasin to pick two stocks that can be held overnight if the target is not met in the last one hour of trade. In reply, the IIFL Securities Director suggested these two shares to buy today — Tata Motors and Cadila Healthcare. Bhasin said that both the counters are expected to meet its target either by today's closing bell or on tomorrow.

On his first pick for the traders Sanjiv Bhasin said, " My first pick for the traders is Tata Motors. Auto sector is showing some recovery now and Tata Motors being one of the market leaders in the segment, one can buy the counter for the target of Rs 112 to Rs 114 per share mark. One can buy the counter at current level of Rs 105.50 per shares but must maintain the stop loss at Rs 102.75 per share levels.

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Asked about the other stocks to buy today, Bhasin said, "My next pick is from the pharma sector and the stock to buy is Cadila Healthcare. In my view, one can buy Cadila Healthcare shares at its current market price of Rs Rs 56-57 for the target of Rs 370 to Rs 372 per share mark. But, one must maintain the stop loss at Rs 353 per share levels."

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Speaking on both the stocks to buy, Sanjiv Bhasin said that these shares can meet the target today itself, however, if it fails to meet its target today, one can hold it for overnight and book profit on tomorrow once it meets its target.