Sanjiv Bhasin recommends buy on Canfin Homes, Motherson, GAIL as his top buys for these targets

Sanjiv Bhasin strategy, stocks today: Bank Nifty has logged a lifetime high yet again and thus is a good opportunity for investors to invest in banking stocks, IIFL Securities Director and market expert Sanjiv Bhasin said in a special Zee Business show 'Bhasin Ke Haseen Share'. 
 
Bhasin, while speaking to Managing Editor of Zee Business Anil Singhvi said that IndusInd Bank, ABB India, and Aditya Birla Capital which have outperformed, were previously recommended by him.

Today, he recommended three stocks as his top buys. 

Canfin Homes Future

The market analyst said that this stock has the potential to reach a price target of Rs 650 by December end and Rs 720 by the upcoming union budget announcement. Thus, he called this stock his constant and long-term pick.

Buy Price- Rs 568.60

Target Price- Rs 590/620/650/720

Stop Loss- Rs 530

Samvardhana Motherson Future

According to Bhasin, the easing of covid restrictions in China is resulting in the outsourcing of inventories to Original Equipment Manufacturers (OEMs) like this company. Moreover, the company has set up two manufacturing capacities in Algeria and therefore it will be prospecting in the coming time.

Buy Price- Rs 74.45

Target Price- Rs 80/70

Stop Loss- Rs 71

GAIL

Bhasin said that the company works on reducing carbon emissions and implementing renewable projects. This is the best time to make a buy in this stock as it provides investors with a huge long-term growth opportunity. Moreover, re-rating is on the card.

Buy Price- Rs 93.85

Target Price- Rs 100

Stop Loss- Rs 91