Stocks to buy: Sanjiv Bhasin picks Grasim Industries Ltd, GNFC for good returns in near-term

Stocks to buy: Market expert and IIFL Securities Director Sanjeev Bhasin on Wednesday said that almost all stocks are under pressure in the current market, however, it is important that investors keep a long-term view. 

Talking about the updates on the market, Bhasin said that those who bought Bank Nifty yesterday at Rs 15,430, should book it today for Rs 15570. He further said Motherson Sumi, Info Edge (Naukri), Indian Hotels, L&T, and Tata Motors are outperforming.

He was speaking to Zee Business Managing Editor Anil Singhvi in the popular TV show ‘Bhasin Ke Hasin Share'. The market expert picked two stocks for investors that can yield good returns from current levels.

For today, Bhasin recommended two buy calls that would help investors make money in the near term.

Grasim Industries Limited
Bhasin recommended Grasim Industries Limited stock as his first pick. He said the cement sector is seeing a boom and Grasim has the holding. BSE prices are also going up. Grasim is in a sweet spot because input costs will fall.
Price: Rs 1338
Target: Rs 1375
Stop Loss: Rs 1300

For More Details Watch Full Video Here:

जानिए IIFL सिक्योरिटीज के संजीव भसीन ने आज Grasim Fut और GNFC Fut में दी निवेश की सलाह?@AnilSinghvi_ | @sanjiv_bhasin | @iiflsecurities pic.twitter.com/U3saErhLJT

— Zee Business (@ZeeBusiness) June 23, 2022

GNFC - Gujarat Narmada Valley Fertilizers & Chemicals
Bhasin recommended Gujarat Narmada Valley Fertilizers & Chemicals Ltd stocks as his second pick. He said GNFC has unprecedented gains in fertilizers. Also, their specialty chemical is also seeing huge upside, he added.
Price: Rs 582.90
Target: Rs 620
Stop Loss: Rs 560