Sanjiv Bhasin picks these stocks for profit booking - know target prices

In conversation with Anil Singhvi, Managing Editor at Zee Business, Sanjiv Bhasin, Director-IIFL Securities Ltd picked three stocks for profit booking.

Talking about his earlier stock picks, Bhasin said he had picked Hindalco Industries Ltd for a target of Rs 452 which the company met and is now covering. Secondly, he gave a buy for RBL Bank and had said that it will reach the levels of Rs 225.

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He added that investors who bought the stock at Rs 212 can book profit today. Bhasin also advised investors to start selective buying in banks that too particularly in mid cap banks.

He further said that his picks Mahindra and Mahindra (M&M) and other auto stocks are performing very well.  

Talking about his today's picks, Bhasin said he has one stock to sell and two with a buying call.

जानिए IIFL सिक्योरिटीज के संजीव भसीन ने आज किन 2 स्टॉक्स में दी निवेश की सलाह?@AnilSinghvi_ | @sanjiv_bhasin | @iiflsecurities pic.twitter.com/eX7ZCoe1VX

— Zee Business (@ZeeBusiness) November 10, 2021

JSW Steel:

Bhasin asked to sell the stock of the company and gave a stop loss of Rs 680 and target of Rs 635.

HDFC Bank Limited:

He advised investors to buy the stocks of HDFC Bank around Rs 1555-1560 and gave a stop loss of Rs 1525 along with the target of Rs 1650.

Wipro Limited:

Speaking about Wipro, Bhasin said that the company is going to be unquestionably biggest gainer of IT band. He advised to buy the stock at the levels of Rs 656-657 and gave stop loss of Rs 642 along with a target of Rs 685.

It can be noted that the shares of HDFC Bank were trading at Rs 1554.80, down by 16.35 points or 1.04 percent on BSE at 11:29 am. While on NSE it fell 1.05 percent or 16.45 points to trade at Rs 1,555.80.

Similarly, the shares of Wipro were also trading in red at Rs 657.10 with a loss of 1.05 points or 0.16 percent on BSE. While on NSE, it was at Rs 657, down by 1.45 points or 0.22 percent.