Stocks To Buy With Anil Singhvi: Bharat Forge, Exide are top Sanjiv Bhasin picks for bumper returns

Stocks To Buy With Anil Singhvi: Analyst Sanjiv Bhasin said that he expected market volatility to continue. In chat with Zee Business Managing Editor Anil Singhvi, he said that the investors should not get perturbed by volatility. The IIFL Director further said that the Mutual Funds have given a lot of weightage to large cap stocks which is now going to change and mid cap stocks will now find space. He further said that the mid cap index was up 3 per cent against Nifty flat or down.  

He expected a buying opportunity for foreigners and said that there will be more new opportunities now.    

The technical analyst also gave updates on his previous recommendations. He said that he had recommended Motherson Sumi which is nearing its target price. His previous top buy on Godrej Consumer Products has hit levels around Rs 700. Godrej Properties, Sun TV, Wipro and SAIL stocks, all have been outperformers, he said.

Bhasin gave two calls today and both were from the automobile sector and were buy calls.            

Top Stocks to Buy: Bharat Forge      

His first recommendation was Bharat Forge. He said that this stock is trading around Rs 477. He put the stop loss at Rs 470. He put the first target price at Rs 510 while the next target price was Rs 525. It will arguably be the biggest beneficiary of a global pullback in truck sales, Bhasin said.

Top Stocks to Buy: Exide              

भसीन के हसीन शेयर | संजीव भसीन से जानिए बाजार का अपडेट और कमाई की 2 बेहतरीन PICK#ZBizBazaar @AnilSinghvi_ @IIFLMarkets @sanjiv_bhasin pic.twitter.com/a0En5AkMfj

— Zee Business (@ZeeBusiness) September 14, 2020

Bhasin second pick was also from the auto sector. He picked Exide. This stock is currently trading around Rs 160. He puts the stop loss at Rs 156 and the target price at Rs 180. He said this company along with Amaron will the biggest beneficiaries. He said that the auto industry was running on full cylinders.