Top stocks to buy: Sanjiv Bhasin recommends SAIL, NALCO stocks for robust returns

Stock Markets are pricing in everything ahead of the US Fed meeting and markets are expected to witness a very strong rally from 4 May, IIFL Securities Director Sanjiv Bhasin tells Zee Business during the latest edition of ‘Bhasin Ke Hasin Share’.

The reason behind his optimism was the robust GST collections, the numbers of Ultratech Cement. However, looking at the number of TATA Chemicals and TATA Motors, it says that there is an unforeseen bearish movement due to the Foreign Institutional Investors (FIIs) selling.

The reason behind the FIIs selling is due to the concerns regarding liquidity in the market, Bhasin claimed.

Bhasin was extremely bullish on SAIL and NALCO. 

The two picks, according to Sanjiv Bhasin, are:-

Steel Authority of India Limited (SAIL)

Steel prices are headed up, and the earnings before interest, taxes, depreciation, and amortization (EBIDTA) margins will be the highest ever, Bhasin said.

Price: Rs 95

Target Price: Rs 105 - Rs 107

Stop Loss: Rs 92.5

NALCO

Bhasin claimed that aluminium prices are headed up.

Price: Rs 105

Target Price: Rs 115 - Rs 117

Stop Loss: Rs 102

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 pic.twitter.com/P1ZLzB1JbP

— Zee Business (@ZeeBusiness) May 2, 2022