Sanjiv Bhasin Stocks, Strategy Today On Zee Business: Veteran market expert and IIFL Securities director Sanjiv Bhasin on Wednesday, January 18, said that the outlook on the domestic equity market is positive and that the Nifty50 could reclaim 18,500 before the Union Budget. He said that all sectors are participating ahead of the Budget. He said that the IT sector that was under pressure, is not an outperformer. Besides, the financials, NBFCs and the broader engineering market will also catch up.
 
In an special segment Bhasin Ke Haseen aired on Zee Business channel, he recommended three stocks to the viewers for bumper gains.
 

HPCL Shares

He predicted that the company's margin will improve. He said that there is a hope that the government will announce more capitalisation for oil marketing companies.
  • Buy Price: Rs 244.50
  • Target Price: Rs 238.50
  • Stop Loss: Rs 255
  • GMR Infra Shares
  • But Price: Rs 40
  • Target Price: Rs 44/44.50
  • Stop Loss: Rs 39

Ashok Leyland Shares

He said that Ashok Leyland is his top pick. The rise in domestic and international travel is benefiting the company as it is receiving new orders for buses.
 
  • Buy Price: Rs 146
  • Target Price: 155
  • Stop Loss: Rs 143.50

On Bajaj Twins -- Bajaj Finance as well as Bajaj Finserv, Bhasin said that the two stocks have bottomed out and now is the time to buy.

 
 
Meanwhile, benchmark indices traded higher around 10:11 AM with Sensex quoting 60,917, up by more than 27 points and Nifty around 18,100, up up to nearly 70 points.