Stocks to buy with Anil Singhvi: Sanjiv Bhasin picks L&T, Apollo Tyres for gains - Here's why

Market Expert and IIFL Securities Director Sanjiv Bhasin on Friday said that everything has been priced in the market at current juncture. I have seen this oversold market in footfall ratio after a long time. LIC, RBI, and US Fed are over and now I am looking for a robust week from 15th May, he said.

I may have been out of place but I continue to think that this is time to put your money in the market, Bhasin said.

Bhasin was speaking with Zee Business Managing Director Anil Singhvi in a popular TV show ‘Bhasin Ke Hasin Share'. He also picked two stocks for investors that will give high returns.

Talking about the updates of the market, Bhasin advised staying with Reliance, Adani Port, and DLF, which was suggested yesterday. Maybe the market will come back to 1600 on a closing basis, the expert cautioned.

1600 is 0.1 retracement. It will not break so easily in a day. So, I am looking for a sharp pullback. Let's see how it goes, said the market expert.

Bhasin recommended two buy calls for investors.

Larsen & Toubro Ltd
Bhasin recommended Larsen & Toubro Ltd stock. He said this is the time to invest in big stocks like L&T. The stock has come from Rs 1850 to Rs 1625. The order book is also high.
Price: Rs 1626
Target: Rs 1720
Stop Loss: Rs 1600

Apollo Tyres Limited
Bhasin recommended Apollo Tyres stock as his second pick. He said it will come out with the best numbers in the tires sector. There is also a robust growth in two-wheeler and four-wheelers.
Price: Rs 195
Target: Rs 205
Stop Loss: Rs 188

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जानिए IIFL सिक्योरिटीज के संजीव भसीन ने आज किन 2 स्टॉक्स में दी निवेश की सलाह?@AnilSinghvi_ | @sanjiv_bhasin | @iiflsecurities pic.twitter.com/8ExR3A94u2

— Zee Business (@ZeeBusiness) May 6, 2022