Stocks to buy: Sanjiv Bhasin picks SBI Cards, Titan, Zee Entertainment for gains; know why?
Stocks to buy: Market expert and IIFL Securities Director Sanjeev Bhasin said on Friday that there is a possibility of becoming a short-term bottom in the market today. He also picked three stocks for investors that can yield high returns.
Stocks to buy: Market expert and IIFL Securities Director Sanjeev Bhasin said on Friday that there is a possibility of becoming a short-term bottom in the market today.
He said that the market will rotate from June 18 and there are two reasons for this. First, the dollar has fallen maximum in the last six months. The fall is of 3 dollars. Second, the crude has stocked out.
He suggested staying in the market as all the ups and downs have happened. Now from here, the market will go up, he believes.
He was speaking to Zee Business Managing Director and Market Guru Anil Singhvi in the popular TV show ‘Bhasin Ke Hasin Share', in which, he also picked three stocks for investors that can yield high returns.
These three buy calls recommended by Bhasin today are:
SBI Card
Bhasin recommended SBI Card as his first pick. He said this stock has unbelievable rates. SBI cards have one of the biggest markets in credit cards and businesses, he added.
Price: Rs 706.35
Target: Rs 800
Stop Loss: Rs 678
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Titan
Bhasin recommended Titan stocks as his second pick.
Price: Rs 2042
Target: Rs 2250
Stop Loss: Rs 1950
Zee Entertainment
Bhasin recommended Zee Entertainment stocks as his third pick. He suggested to add zee's stock to the portfolio.
Price: Rs 214
Target: Rs 235
Stop Loss: Rs 203
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