Sanjiv Bhasin picks on Zee Business: Buy Zee Ent, Shriram Transport Finance - check price targets

Sanjiv Bhasin picks on Zee Business: IIFL Securities Director Sanjiv Bhasin on Thursday said that the Dow Jones' recovery of 500 points from its low shows pessimism is at its highest whereas, Indian Markets are showing optimism and this is the best combination for the Indian Market. He also said that if the dollar tops out and with the type of corporate news coming in, it is an indication that Nifty 50 might reach 18,000 as anticipated.

In a special edition 'Bhasin Ke Hasin Share' aired on Zee Business, he recommended two stocks for short term gain.

Zee Ent Fut
He said that the stock will reach Rs 500 next year.

Buy: Rs 277.35
Price Target: Rs 288/290
Stop Loss: Rs 267

Shriram Transport Finance Fut

Buy: Rs 1205.15
Price Target: Rs 1240
Stop Loss: Rs 1180

जानिए IIFL सिक्योरिटीज के संजीव भसीन ने आज Shriram Transport Future और Zee Entertainment Future में क्यों दी निवेश की सलाह?@AnilSinghvi_ @sanjiv_bhasin @iiflsecurities #StocksToBuy pic.twitter.com/HonEe1SJqe

— Zee Business (@ZeeBusiness) October 6, 2022

While giving an update on the previous pick Bharat Forge, he said that the scrip can reach Rs 1000. He further said that Bharat Forge has not seen such a growth in the past maybe one decade and there is no doubt but sheer optimism.