Stocks to buy: Sanjiv Bhasin picks HDFC Life, IEX for gains; know why?

Market Expert and IIFL Securities Director Sanjiv Bhasin said Russia is exporting more oil than it did ever and the US is the second-largest importer. He also said that only the US Fed tightening is left and after that only growth stocks will do well. IT stocks will be rerated on the upsides.

He said there is volatility in the market but at the same time investors have to protect themselves too. He said that he thinks a rally to 17500 should be seen by next week.

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Bhasin said so while speaking with Zee Business Anchor & Head-Researcher Deepanshu Bhandari in a popular TV show ‘Bhasin Ke Hasin Share'. He also picked two stocks for investors that will give high returns.

Talking about the updates of the market, Bhasin said Bharat Forge Limited, Aarti Industries, and PI Industries are outperformed.

Bhasin recommended two buy calls that will be beneficial for investors.

HDFC Life Insurance Company Ltd.
Bhasin recommended HDFC Life stock. He said that this insurance company has come up with the best value for net business addition. He suggested to add this stock to the portfolio as HDFC Life will be the best player in the insurance sector.
Buy: Rs 545.35
Target Price: Rs 575
Stop Loss: Rs 530

Indian Energy Exchange Ltd (IEX)
Another stock recommended by him was Indian Energy Exchange Ltd stock. He said good numbers are showing in this stock on 28th April.
Buy: Rs 233.70
Target Price: Rs 242 - Rs 245
Stop Loss: Rs 227

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जानिए IIFL सिक्योरिटीज के संजीव भसीन ने आज किन 2 स्टॉक्स में दी निवेश की सलाह?@AnilSinghvi_ | @sanjiv_bhasin | @iiflsecurities pic.twitter.com/NdiQdI7ODX

— Zee Business (@ZeeBusiness) April 20, 2022