Sanjiv Bhasin picks these two stocks for good returns - Check target price, stop loss here

In conversation with Anil Singhvi, Managing Editor at Zee Business, Sanjiv Bhasin, Director-IIFL Securities Ltd picked two stocks that will give good returns and profit to the investors.

He picked Eicher Motors Ltd and City Union Bank Ltd for the same. Giving his outlook on both the stocks he said:

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1. Eicher Motors Ltd: Bhasin said that he is very bullish on auto stocks and feels that all the weakness is done. He said that Eicher Motors is a steal at this price as Volvo Eicher Commercial Vehicles are doing the best business, they have done in the last one year. Purely on commercial basis he said to buy Eicher Motors at Rs 2560-2570. He asked to keep a stop loss at Rs 2510 and gave a target of Rs 2655 to 2675 in near terms.

He also said that the stock can even hit the level of Rs 2750 by next week that is before Diwali.

जानिए IIFL सिक्योरिटीज के संजीव भसीन ने आज किन 2 स्टॉक्स में दी निवेश की सलाह?@AnilSinghvi_ | @sanjiv_bhasin | @iiflsecurities pic.twitter.com/T6vnCKB219

— Zee Business (@ZeeBusiness) October 26, 2021

2. City Union Bank Ltd: City Union Bank is Bhasin's second pick and he gave a target of Rs 183 to 185. He suggested investors to buy the stock at the levels of Rs 175-176 and keep a stop loss at Rs 171.

It can be noted that the shares of Eicher Motors Ltd were trading at Rs 2,595.85 up by 34.10 points or 1.33 percent at 11:58 am on NSE. While it gained 36.20 points or 1.41 percent to trade at Rs 2,596.80 on BSE.

The shares of City Union Bank Ltd were trading at Rs 180.00 with a gain of 3.75 points or 2.13 percent on NSE at 11:58 am. While it was at Rs 180.00, up by 3.80 points or 2.16 percent on BSE.