Top Pick with Anil Singhvi: Sanjiv Bhasin recommends JSW Steel, BEL, Cummins | Know targets, price, and stop-loss

In yet another episode of ‘Bhasin Ke Hasin Share’, Zee Business Managing Editor and Market Guru Anil Singhvi spoke to Sanjiv Bhasin, Director of IIFL Securities Ltd, where he picked three stocks for high returns.

Talking about the outlooks of the Nifty series of the market, Bhasin said volatility was immense and even discounted.  I am looking forward to the budget and expecting it at 18,000 and beyond, he added.

February month will turn out to be the best month of the last three. So, try to take it because this is the time, he suggested.

Bhasin said the leaders this time are banks. At the last expiry of Rs 17,000, the Nifty Bank was Rs 34,000 with State Bank was Rs 450 and Bank of Baroda was Rs 17 and look at them now. He also added that he is bullish on IT, mid-cap IT, and metals. And now the time is to play with the place of budget.

Talking about yesterday's updates, he said, AU Small Fin suggested at Rs 1275 is sold out at Rs 1296, so book your profit. AB Capitals suggested at Rs 116 yesterday, is now at Rs 120, the target of Rs 125 is still there. Also, the stop loss of Mphasis on a closing basis was Rs 2945 which is outperformed today at Rs 3200.

For today, Bhasin recommended three buy stocks that will outperform and all are in budget place. He suggested keeping these stocks for at least two-three days for profits up to 10%-15%.

JSW Steel Ltd
Bhasin recommended JSW Steel Ltd stocks. He mentioned that Nippon Steel increases their prices by $800 per tonne, which is highly positive. If JSW on enterprise value sells 40,000 crore for the whole year, then its market cap sits at 2 lakhs. 

Buy:  Rs 640.25
Target Price: Rs 685
Stop Loss: Rs 613

Stop loss is high because of volatility in the market and buyers have to play to budget. If they want to earn profit up to 6% then have to go with the stop loss of 2%, Bhasin added.

BEL - Bharat Electronics Limited
Bhasin recommended Bharat Electronics Limited stocks. He said it is already showing that BEL received orders from the US in engineering which is up to crores, on the Internet of things (IoT). For budget, defense spending is going to go up. BEL is a no-brainer.

Buy: Rs 208.50
Target Price: Rs 240  
Stop Loss: Rs 190

But this will go on a new high will of Rs 240, he added.

Cummins Inc.
Bhasin recommended Cummins Inc. stocks. He mentioned it as the best engineering stock power play.

Buy: Rs 928.20
Target Price: Rs 1000  
Stop Loss: Rs 885

For More Details Watch Full Video Here:

जानिए IIFL सिक्योरिटीज के संजीव भसीन ने आज किन 2 स्टॉक्स में दी निवेश की सलाह?@AnilSinghvi_ | @sanjiv_bhasin | @iiflsecurities

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