In yet another episode of 'Bhasin ke Haseen Share', Sanjiv Bhasin, Director-IIFL Securities Ltd picked two stocks for profit booking on Friday.

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In conversation with Anil Singhvi, Managing Editor at Zee Business, Bhasin also spoke about his earlier stock picks, markets' outlook and his stocks recommendations for today. 

Bhasin said, "I believe there is a clear rally for the past 3-4 days. It will consolidate in the first half, and the closing will be at 17500 for the weekend on the cards. And in the next week, I think it will consolidate further and then chart out."

"Week off morning can consolidation via profit-bookings, which is a global cue. But I see buying again in the second half. Mid-cap is where the money is, So I recommended Siemens and Jubilant on Thursday. And a few days ago, I recommended Mahindra & Mahindra and IndusInd. All these are outperformers today," he added.

Here are today's recommendations by Bhasin: 

GAIL: Buy

He recommended buy option for GAIL. "Amongst the PSU, GAIL is going to be the outperformer, as volume and prices of the gas are going up. Gas prices will be positive after reopening," Bhasin explained.

Price: Rs 134.60

Target: Rs 138.50 - Rs 140

Stop Loss: Rs 131

Grasim: Buy 

He recommended buy option for Grasim. "Grasim is the holding company of AB Capital and Vodafone, and they are hitting all-time new high," Bhasin explained.

Price: Rs 1745

Target: Rs 1800

Stop Loss: Rs 1710

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"Given that Grasim is holding stocks of Idea and Vodafone, and these companies' stocks are going up, it is understandable that Grasim will benefit from it too," the Market Guru added.