Stocks to Buy With Anil Singhvi: Sun TV and HPCL are top Sanjiv Bhasin picks today for good returns
Market analyst Sanjiv Bhasin in a chat with Zee Business Managing Editor Anil Singhvi said that the market is in unchartered territory and investors should be cautious.
Market analyst Sanjiv Bhasin in a chat with Zee Business Managing Editor Anil Singhvi said that the market is in unchartered territory and investors should be cautious. “The market is giving you a sense of disbelief. So a little caution is required of everyone. A correction was seen in the US market yesterday (Monday), it could happen here too.”
Another thing is that dollar is extremely oversold and now looking ripe for a comeback, which will definitely have some effect on metals and emerging market, Bhasin said. “You have to be cautious and stock specific currently,” is what he wanted investors to be.
Talking about his calls, the market analyst said he has two buy calls. Recommending Sun TV as his first pick, he said media will rise from here and outperform. For Sun TV, Bhasin suggested to buy it around Rs 495 to Rs 497 for a target of Rs 515. He put stop-loss for this stock at Rs 487. "As we speak, this stock gained a little, so keep your stop-loss more viable and maintain it for RS 490," he said.
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Another Bhasin call was HPCL. “Strong rupee and falling crude is the perfect recipe for HPCL. Buy HPCL for a target of Rs 230/232 around Rs 223. Put a stop-loss of Rs 217 for this share,” he said
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