In yet another episode of 'Bhasin Ke Haseen Share', Sanjiv Bhasin, Director, IIFL Securities Ltd, picked four stocks for profit booking on Monday.

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

Bhasin said, "Things have changed drastically in a week's time. Everything that was below 16900 is crossing the 17650 level today. Like I said last time, it was the best opportunity to buy. Because of the fear in a bull market, the correction was sharp."

"I am optimistic this time; as I told you, the Bank Nifty has increased by 1800 points already. So let me update you on my previous recommendations too," he said. Siemens, Adani, Mahindra & Mahindra, Cadila, Godrej Properties, GAIL, Bosch, Motherson Sumi, IDFC First, IndusInd, Union Bank, and RBL Bank have already hit their targets that I gave. I gave a target for SBI of Rs 505, with a price of Rs 484, and it reached Rs 502. While PNB was sold out at Rs 41.50, with profit booking, Bhasin added.

For today, he recommended: "The market is volatile right now. The market is moving northward while we are on call. I am going to give you 4 buy calls for today."

Here are 4 recommendations from Bhasin:

IRCTC

Price: Rs 864

Target: Rs 888

Stop Loss: Rs 846

BEL

Price: Rs 208.10

Target: Rs 213

Stop Loss: Rs 203.5

Jubilant FoodWorks

"I recommended Jubilant Foodworks even on Friday because Jubilant is doing great in its other business and sales," Bhasin explained.

Price: Rs 3785

Target: Rs 3875

Stop Loss: Rs 3715

Wipro

"Wipro will be the number 1 tech player now. It will outperform TCS," Bhasin added.

Price: Rs 648

Target: Rs 675

Stop Loss: Rs 636

 

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