Stocks to buy: Sanjiv Bhasin picks HAL, SAIL, NALCO for gains; - Here is why?

Market expert and IIFL Securities Director Sanjeev Bhasin said on Wednesday that he has no doubt that a global rally will be coming in a week. He also said that all the events are over and now is the time to look ahead.

Today's sell-off is understandable, as the coverage was very low due to RBI's Monetary Policy, he said. And volatility, according to him, should also stop in 3-4 days. Hence, there are buying opportunities after June 15 - June 16.

Bhasin was speaking to Zee Business Managing Director and Market Guru Anil Singhvi in a popular TV show ‘Bhasin Ke Hasin Share',  where he also picked three stocks for investors that will give high returns.

Talking about the update on the market, Bhasin said that all the three stocks recommended yesterday - Grasim, Bandhan Bank, and Apollo Tires - have exceeded their target. Now is the time to book profits, he added.
 
For Today, Bhasin recommended three buy calls that will be beneficial for investors.

HAL - Hindustan Aeronautics Limited
Bhasin recommended Hindustan Aeronautics Limited stock. He said it's a buying opportunity and for defense, this stock is a no-brainer. Apart from that, HAL's balance sheet has no match in India, he added.
Price: Rs 1840
Target: Rs 1950
Stop Loss: 1774

For More Details Watch Full Video Here:

जानिए IIFL सिक्योरिटीज के संजीव भसीन ने आज HAL, SAIL और NALCO में दी निवेश की सलाह?@AnilSinghvi_ | @sanjiv_bhasin | @iiflsecurities pic.twitter.com/pLKHPnUCC9

— Zee Business (@ZeeBusiness) June 8, 2022

SAIL - Steel Authority of India Limited
Bhasin recommended SAIL stock as his second pick. He said steel prices are rising around the world. Now it's the time of SAIL after Tata Steel, he added.
Price: Rs 147 - Rs 148
Target: Rs 158
Stop Loss: 143

NALCO - National Aluminium Company Limited
Bhasin recommended NALCO stock as his third pick. He said the results of this stock are good and aluminum prices are stabilizing. Apart from this, its margin is the highest ever in history.
Price: Rs 93.65
Target: Rs 100
Stop Loss: Rs 90.50