Stock Picks: Sanjiv Bhasin picks Dabur, IEX, Apollo Tyres for maximum gains; know price target, stop-loss

Domestic stock markets ended in the red on Wednesday amid profit taking and easing of tension between Russia and Ukraine. The broader Nifty50 gave up 17,400, while the Sensex slipped nearly 150 points to end at 17,322.20 and 57,996.68 respectively despite trading higher in most parts of the session.  

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In yet another edition of 'Bhasin ki Hasin Shares' Sanjiv Bhasin, Director, IIFL Securities recommended three stock picks for the investors for high gains.

Here is a list of the stocks:

Dabur: Price - Rs 563-64 I Stop-loss - Rs 552 I Target - Rs 600

The first stock that he has recommended is Dabur. "FMCG is back in focus and Dabur has a mix of both," Bhasin said. He added that one can pick the stock for Rs 563-564 with a stop-loss of Rs 552 and a target of Rs 600.
Bhasin further added, "Dabur can be a very big out-performer in the FMCG basket."

IEX: Price- Rs 221.50-22 I Stop-loss- Rs 217 I Target - Rs 230

The next stock that the market expert suggested is IEX. "I think that energy will be in the best pace now as there has been a clear fall in oil prices. IEX will benefit maximum as volumes grow," he added.

One can pick the stock for Rs 221.50 to Rs 222 with a stop-loss of Rs 217 and a target of Rs 230.

Apollo Tyres: Price - Rs 216.95 I Stop-loss - Rs 211 I Target - Rs 225

The third stock that Bhasin suggested is Apollo Tyres. He said, "Apollo Tyres will be single-handedly the largest gainer of the CV market coming back."

The interested investors can pick the stock for Rs 216.95 with a stop-loss of Rs 211 and a target of Rs 225.

(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.)