Top picks with Anil Singhvi: Sanjiv Bhasin recommends PFC, REC to investors; check price, target and stop-loss

In yet another edition of 'Bhasin ki Hasin Shares' on Zee Business, Sanjiv Bhasin, Director, IIFL Securities has recommended certain stock picks for the investors in a conversation with Zee Business Managing Editor Anil Singhvi.

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Bhasin said, "Yesterday we had witnessed a panic capitulation in the markets and the markets can remain volatile for a couple of days as tomorrow the UP elections results will come out." He also added, "I am quite convinced that by the second half of March, the situation will be much better and the panic will be behind."

जानिए IIFL सिक्योरिटीज के संजीव भसीन ने आज किन 2 स्टॉक्स में दी निवेश की सलाह?@AnilSinghvi_ | @sanjiv_bhasin | @iiflsecurities pic.twitter.com/CN9mt5180T

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Bhasin also suggested some top picks. These are as follows:

PFC: Price - Rs 109 I Stop-loss - Rs 106 I Target - Rs 113

Bhasin pointed out that the best power-plays are the power lenders because their cost of money is lowest through bond. He also pointed out coal and energy prices are higher. He suggested, "You can take PFC at a price of Rs 109 with a stop-loss of Rs 106 and a target of Rs 113."

REC: Price - Rs 123 I Stop-loss- Rs 120 I Target - Rs 129-30

The next stock that Bhasin pointed out is that of REC. "You can pick the stock for Rs 123 with a stop-loss of Rs 120 and a target of Rs 129-30."

While talking about the markets, Bhasin said, "I am convinced that by the first week of May, the markets will rise above 19,000. So, this weakness which is a temporary one due to global cues is an opportunity to buy."

On Wednesday, the Indian markets opened on a positive note. The broader Nifty50 opened above 16,000, while the Sensex added more than 350 points in the opening trade. The benchmarks opened at 16,080.75 and 53,793.99, respectively.

(Disclaimer: The views/suggestions/advice expressed here in this article are solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)