Sanjiv Bhasin stocks on Zee Business: Market expert and IIFL Securities Director Sanjiv Bhasin on Thursday picked three stocks for investors that can yield high returns in short term. In a special segment ‘Bhasin Ke Hasin Share' aired on Zee Business with Managing Editor Anil Singhvi, he said India is an outperformer and global volatility is an opportunity to buy good shares.

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Bhasin added that the market will see a new high before Diwali. He said that bank and auto sectors are showing strength and that the consumption is very well.

Talking about the Federal Reserve's decision to hike the rate by 75 bps yesterday, he said that "elephant in the room is Fed, but it has lost credibility". The commentary was way behind the curve and Fed has no instrument than increasing the rate and killing the market.

Bhasin said that he is also bullish on IT sector and reiterated that TCS will be the outperformer.

Sanjiv Bhasin Today Picks On Zee Business- September 22:

Anupam Rasayan
Bhasin recommended Anupam Rasayan India Limited as his first pick today. He said it is a good company in specialty chemicals and has a 28% margin.
Buy: Rs 770
Target: Rs 1200 - Rs 1400 by end of this year

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TCS Fut
Bhasin recommended TCS as his second pick today.
Buy: Rs 3000
Target: Rs 3050
Stop Loss: Rs 2950

Godrej Consumer
Bhasin recommended Godrej Consumer Products Limited as his third pick today.
Buy: Rs 925
Target: Rs 945
Stop Loss: Rs 910

Talking about the update of the market, Bhasin said Can Fin Homes Ltd. is still the best buy. He said that Can Fin Homes share price will reach Rs 720 by Diwali.