Sanjiv Bhasin Picks: These two stocks will give you profit booking; know target price, stop loss

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

In conversation with Anil Singhvi, Managing Editor at Zee Business, Bhasin also spoke about his earlier stock picks. He said that from last two days he is asking to sell metal stocks and said that the quarterly result of Tata Steel will come very strong and hence had recommended steel stocks including Jindal Steel, JSW Steel, Tata Steel.

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He said that Bandhan Bank and RBL Bank are on a new trajectory and said that mid-cap banks will outperform.

Talking about his today's picks, Bhasin said he has two buys and both are gold related. Check the details here:

जानिए IIFL सिक्योरिटीज के संजीव भसीन ने आज किन 2 स्टॉक्स में दी निवेश की सलाह?@AnilSinghvi_ | @sanjiv_bhasin | @iiflsecurities pic.twitter.com/hqk4LWBYpn

— Zee Business (@ZeeBusiness) November 11, 2021

Titan Company Limited

Bhasin said his first pick for today is Titan and advised investors to buy it around the levels of Rs 2500-2530. He said that the company is unquestionably the best player on high rising gold prices and gave a target of Rs 2600 along with the stop loss of Rs 2470.

Federal Bank Limited

His second pick is Federal Bank and he advised to buy the stock at the levels of around Rs 101. Bhasin gave a target of Rs 105 along with the stop loss of Rs 99 and added that Federal Bank unquestionably will be the biggest gainer of gold lending and its book is expanding fast.

It can be noted that the shares of Titan were trading at Rs 2523.50, up by 40.30 points or 1.62 percent on BSE at 11:53 am. While on NSE it gained 1.51 percent or 37.40 points to trade at Rs 2552.00.

Similarly, the shares of Federal Bank were also trading in green at Rs 101.00 with a gain of 0.66 points or 0.65 percent on BSE. While on NSE, it was at Rs 101.00, up by 0.65 points or 0.65 percent.

(Disclaimer: The views/suggestions/advices expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)