Stocks to buy with Anil Singhvi: Adani Port, Power Finance Corporation are Sanjiv Bhasin's top recommendations

In a chat with Zee Business Managing Editor Anil Singhvi, market analyst Sanjiv Bhasin picked two stocks for high returns.

Speaking about his top pick Adani Port, analyst Sanjiv Bhasin said that the latest news about the company’s activities in the container and warehouse segments will be very positive for the company as it will give a permanency for the company in terms of business. The stock should be bought in the range of Rs 750 – Rs 752 with stop loss of Rs 738 and my first target would be Rs 770, and it can even hit Rs 775-780.

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On his next pick of the day, the IIFL Securities Director said that Power Finance Corporation will be his next pick as the power financers will be in the best part as the cost of money is the lowest. Stock should be bought in with stop loss of Rs 141.20 and target of Rs 147-148. At 10:38 am, the stock is trading at Rs 143.15 per share with a gain of 0.85% on the BSE.

He had also given a Market Strategy for October 13. For traders, the Day support zone on Nifty is 17,900-17,940, below that 17,800-17,850 is a strong Buy zone. Day higher zone on Nifty is 18,040-18,090, above that 18,140-18,190 is a strong Profit booking zone.

जानिए IIFL सिक्योरिटीज के संजीव भसीन ने आज किन 2 स्टॉक्स में दी निवेश की सलाह?@AnilSinghvi_ | @sanjiv_bhasin | #ZeeBusiness | #StocksInFocus pic.twitter.com/RUDS5wZxsF

— Zee Business (@ZeeBusiness) October 13, 2021

Day support zone on Bank Nifty is 38,175-38,350, below that 37,925-38,125 is a strong Buy zone. Day higher zone on Bank Nifty is 38,600-38,750, above that 38,800-38,950 is a strong Profit booking zone.

(Disclaimer: The views/suggestions/advices expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)