Stocks to buy: Market expert and IIFL Securities Director Sanjiv Bhasin on Wednesday picked three stocks for investors that can yield high returns in the near term. In a special segment ‘Bhasin Ke Hasin Share' aired on Zee Business with Managing Editor Anil Singhvi, he also said that the market will first reach at 16800 and then corrections will take place.

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Astral Ltd
Bhasin recommended Astral Ltd as his first pick. He said yesterday's result of the Polycab is very impressive and Astral Poly numbers would be even better than this.
Buy Price: Rs 1791.10
Price Target: Rs 1900
Stop Loss: Rs 1725

Honeywell Automotive Fut
Bhasin recommended Honeywell Automotive as his second pick.
Buy Price: Rs 37,515.25
Price Target: Rs 38,000
Stop Loss: Rs 36,500

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Mphasis Fut
Bhasin recommended Mphasis as his third pick. He said Mphasis will come out with a very strong number.
Buy Price: Rs 2,212.05
Price Target: Rs 2,340
Stop Loss: Rs 2,140

Taking about the update of the market, Bhasin said Persistent Systems, Chola, Hindustan Aeronautics, and India Cements Limited are performing well. All calls of Jindal steel are also outperforming.