Stocks to buy with Anil Singhvi: Sanjiv Bhasin picks UltraTech, Reliance Industries, HCL Tech for gains - Here's why

The market expert and IIFL Securities Director Sanjeev Bhasin said on Monday that it takes 1-2 days to make the bottom but he is optimistic that the market will resume its upward journey. He said that what was meant to happen has happened.

He further said that there is also a lot of demand in the auto and housing sector. ACC and Ambuja have been bought at 165 beta per ton which is a record price. So there is no doubt that the market is going toward a positive direction from here.
Bhasin was speaking to Zee Business Managing Director Anil Singhvi in a popular TV show ‘Bhasin Ke Hasin Share'. He also picked three stocks for investors that will give high returns.

Talking about the updates of the market, Bhasin said HAL sold at a new high of Rs 1600, which was suggested at Rs 1500. BEL is now roaming around Rs 2750 - Rs 2800. Motherson Sumi and IRCTC are outperformed and M&M Finance is also at a day high.

For Today, Bhasin recommended three buy calls that will be beneficial for investors.

UltraTech Cement Limited
Bhasin recommended UltraTech Ltd stock. He said the market value of Ultra Tech should have been Rs 7000 in terms of valuation. Although it is currently at Rs 6000. So definitely buy it.
Price: Rs 6000
Target: Rs 6400
Stop Loss: Rs 5850

For More Details Watch Full Video Here:

जानिए IIFL सिक्योरिटीज के संजीव भसीन ने आज किन 3 स्टॉक्स में दी निवेश की सलाह?@AnilSinghvi_ | @sanjiv_bhasin | @iiflsecurities pic.twitter.com/ERqfOgTE2j

— Zee Business (@ZeeBusiness) May 16, 2022

Reliance Industries Limited
Bhasin recommended Reliance Industries Limited stock as his second pick. He said that Reliance has now become quite correct.
Price: Rs 2437
Target: Rs 2550
Stop Loss: Rs 2390

HCL Technologies
Bhasin recommended HCL Tech stock as his third pick.  
Price: Rs 1046
Target: Rs 1085 - Rs 1090
Stop Loss: Rs 1020