Stocks to buy with Anil Singhvi: Stock of the year? Market Guru reveals important stock; FM too mentioned in Budget 2021

Stock of the Year with Anil Singhvi – Bharat Heavy Electricals Limited (BHEL) can be a Stock of the Year, Zee Business Managing Editor Anil Singhvi opines. This stock has also found a mention in the Budget 2021 Speech by Finance Minister Nirmala Sitharaman. Know why the Market Guru is Bullish on this stock!
 
The Managing Editor said that BHEL is one of his favourite stocks and recommended a buying in it. He said that he was a bit late in recommending this stock at around Rs 40. At the time of the recommendation, BHEL was trading at Rs 42.20. He, however, said that there are still no problems as far as the investment in this stock is concerned.  

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He said that the Q3 FY21 result is due on Saturday and hence the recommendation is till Friday for traders. On Thursday there was an 18 per cent open interest in BHEL Futures, he added. He said that ‘he has no hesitation in saying that BHEL could be a ‘Stock of the Year’.
 
He said that he is bullish on this stock like he is on ITC. He has been recommending this stock at levels around Rs 35-36. It attained levels around Rs 42-45 but later corrected to go back at Rs 35-36. He attributed this to the mood of the stock markets, which may change from time-to-time.

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Stock Of The Year साबित हो सकता है ये शेयर...

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 He said that this stock has the potential to reach the target around Rs 65-70. He also said that even the FM made a mention about BHEL in the Budget 2021. It has huge assets and land bank, and it will gain from the asset monetisation programme of the government. The company management is doing incredible work, he further said.
 
Stock to Buy – BHEL
 
Singhvi said that this stock should be bought from the investment point. This is a rerating story, and it should be included in the portfolio for targets around Rs 65-70. He keeps a 12-month view on this stock. It is an investment-grade stock and should be accumulated gradually.  
 
As for traders, the target price is Rs 44 and Rs 46. He puts the stop loss at Rs 40, the level from where a breakout has come in BHEL.