Stocks to Buy: Sanjiv Bhasin picks Aarti Industries, Vedanta, LTTS for good returns - know investment rationale behind it
He added that the current trend has turned from sell the rally to Buy the fall and guarantees that a new bull rally market will be obvious after the July series.
In the special edition of "Bhasin ke Hasin shares" with Zee Business Managing Editor Anil Singhvi, market expert and IIFL Securities Director Sanjiv Bhasin recommended three shares in the F&O segment with bumper returns on the strong business outlook and fundamentals.
He added that the current trend has turned from sell the rally to Buy the fall and guarantees that a new bull rally market will be obvious after the July series.
For July Series Bhasin suggested three stocks they are:
Aarti Industries July Fut
The company will be the biggest beneficiary of softening of crude oil prices. It is a number one pan-Asia player in Nitro-chlorobenzene; besides it is also expanding to hydro chemicals.
He recommended to buy this stock for a target price of Rs 775 per share with a stop loss of Rs 700 per share. The counter on Monday is trading at Rs 722 per share level.
Vedanta July Fut
The metal company’s copper business is doing well and aluminum is set to rebound, besides the Iron ore prices are also going up. The stock shows excellent entry at Rs 225-226 per share for a target of Rs 245 per share with a stop loss of Rs 219 per share.
The stock price on Monday is up over 4 per cent to Rs 230.7 per share on the BSE
L&T Tech July Fut
The IT sector is in a sweet spot, which makes LTTS shares lucrative for a target of Rs 3,250 per share with a stop loss of Rs 3,060 per share. The stock on Monday is up nearly 2 per cent to Rs 3,109 per share on the BSE.
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