Stocks to buy: Sanjiv Bhasin picks Marico, Balkrishna Industries, GMR Infra; here's why
Stocks to buy: Market expert and IIFL Securities Director Sanjiv Bhasin on Thursday predicted that the benchmark Nifty50 index will soon hit 16,500. He picked three stocks for investors that can yield high returns in the near term.
Stocks to buy: Market expert and IIFL Securities Director Sanjiv Bhasin on Thursday predicted that the benchmark Nifty50 index will soon hit 16,500.
In a special segment ‘Bhasin Ke Hasin Share' aired on Zee Business with Managing Editor Anil Singhvi, he picked three stocks for investors that can yield high returns in the near term.
Marico Fut
Bhasin recommended Marico Limited as his first pick. He said this is the top FMCG counter. Marico is most affected stock by the price of palm oil and other falling, he added.
Price: Rs 510.40
Target: Rs 540
Stop Loss: Rs 490
Balkrishna Industries Fut
Bhasin recommended Balkrishna Industries as his second pick. Unquestionably, Balkrishna Industries is the best tyre re-traded market, he said.
Price: Rs 2325
Target: Rs 2420
Stop Loss: Rs 2250
For More Details Watch Full Video Here:
जानिए IIFL सिक्योरिटीज के संजीव भसीन ने आज Marico, Balkrishna Industries और GMR Infra में दी निवेश की सलाह?@AnilSinghvi_ | @sanjiv_bhasin | @iiflsecurities pic.twitter.com/olh8mzjmJr
— Zee Business (@ZeeBusiness) July 14, 2022
GMR Infra Fut
Bhasin recommended GMR Infra as his third pick. He said this stock is an outperformer.
Price: Rs 34 - Rs 34.25
Target: Rs 37.50
Stop Loss: Rs 33.50
On Rupee, Bhasin said that the weakness in the currency has been priced-in. He also advised investors to beware of fake accounts on social media platforms recommending stocks for trading, adding that it is always better to go with the suggestions of your financial advisor.
He said that India's economy with a 7% inflation rate is doing better compared to the US.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
EPFO Pension Schemes: Early pension, retirement pension, nominee pension and 4 other pension schemes that every private sector employee should know
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
02:54 PM IST