Stocks to Buy: Sanjiv Bhasin picks Bosh, DLF, Sun TV for gains; buy for these targets
In yet another edition of Bhasin Ke Hasin Share, market expert Sanjiv Bhasin picks three stocks for investors for high gains.
In yet another edition of 'Bhasin Ke Hasin Share', market expert Sanjiv Bhasin picks three stocks for investors for high gains. The IIFL Director said that the markets are expected to leave behind the topsy-turvy situation of the domestic markets.
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"Tomorrow will be a key day. I am seeing a break-out from tomorrow and I would say that maybe the worst is behind," Bhasin said.
Here is a list of stocks that Bhasin suggests for picks by the investors:
Bosch: Price - Rs 800-900 I Stop loss - Rs 15,400 I Target - Rs 17,000
Bhasin recommended that at this time auto stocks were his favourite to pick. "Look at the leaders, Eicher, Hero, Tata Motors, Ashok Leyland and Bosch is the best player in the OEM. They have invested $1.5 billion for semi-conductors in 10 days and their semi-conductor market is doing extremely well," Bhasin noted.
Bhasin said that one can pick it for Rs 800 or 900 with a stop loss of Rs 15,400 and a target of Rs 17,000.
DLF: Price - Rs 355-356 I Stop loss - Rs 345 I Target - Rs 375
About the next pick, Bhasin suggested that the next best pick is realty. He suggested that the best pick after Godrej is DLF. One can take it for Rs 355 to 356 with a stop loss of Rs 345 and target of Rs 375.
Sun TV - Rs 500-501 I Stop loss - Rs 491 I Target - Rs 535
He also suggested that the ad revenue and subscription has achieved great figures for Sun TV. One can take it for Rs 500 to 501 with a stop loss of Rs 491 and target of Rs 535.
On Tuesday, the domestic equity market made a bounce back after a massive correcting on Monday. After benchmarks opened half a percent higher in the morning, the Nifty50 and the Sensex rallied further to strengthen the recovery as both the indices were trading 2 per cent higher in the afternoon trade.
(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.)
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