Stock Picks with Anil Singhvi: Sanjiv Bhasin recommends Titan, HCL after Budget 2022 - know why; check target price, stoploss

In a special episode after FM Nirmala Sitharaman tabled the Union Budget 2022, Zee Business’ Managing Editor and Market Guru spoke to Analyst Sanjiv Bhasin post-Budget 2022, where he recommended these stocks.

Bhasin said that there is no better time than this. No budget could have been better than this year’s budget. He said amidst the scenario of global growth, global bond, in global inflation, there is a high chance that foreign money can come back to India. 

Pointing to the impetus on growth, Bhasin said he can’t see any negative point. On the contrary, everything in this budget is growth-oriented, Bhasin claimed.

Moving to his two picks for today, Bhasin recommended:

GMR Infrastructure Limited

He recommended investors to stick to his previous recommendation, GMR Infrastructure, as he expects a relief soon to be coming for the aerocity, air travel, and hotel industry. 

Titan

The diamond industry has received many relaxations in the budget of 2022. Not only this but the cash element in the gold will be reduced as well, according to Bhasin. This will be followed by Titan becoming the favourites for consumers during the festive season.

Price: Rs 2375

Target Price: Rs 2325

Stop Loss: Rs 2500

HCL Tech

Budget 2022 was focused on promoting the digital and IT infrastructure of the country. And according to Bhasin, there isn’t any better large-cap IT company than HCL itself. He said that HCL could give a 15 per cent upside by next week.

Price: Rs 1110 - Rs 1115

Target Price: Rs 1300

Stop Loss: Rs 1050

For more details, Watch Full Video Here:-

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