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 two stocks for high returns before a day from Budget 2022.

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Talking about the outlook of the market, Bhasin said it will be decided between today and tomorrow that the market is now globally ready for the rally. 

This February will be the best in the last three months, he said with confidence, and there are three reasons for that first one is India's result, the second is all the fed news will be priced in March up to 25 or 50 basis points, but corporate results, India's reopening, and bank's outperformance can't be ignored.

He also said if any news comes in the capital market tomorrow, then it will be great for growth. 18300 seems to be coming back soon, he added.

As a discloser, Bhasin said he will tend towards buying side.

This is the time for India to outperform all global indices, he predicted.

In the last week, Brazil and Russia indices were up 7%. I think smart money is going to buy emerging markets and that will be my reason for inclination, he said. Valuations for IT, cement, steel are extremely lucrative, he added.

Talking about the update of Friday, Bhasin said today's top gainer is Ultra-Tech. ACC's number is very robust. And if steel prices are to increase then unquestionably again Shree Cement would be one of the biggest beneficiaries. Its result will also be declared within a day or two and will be very good because Shree Cement is the lowest cost cement producer not in India but the world, he reminded.

Nippon Steel Corporation and POSCO both have raised prices and long products prices will increase by 1 Feb, he predicted.

His ultimate outperformer is BEL, who will still outperform, he strongly believes. The reason he explained - defense spending is going up and its results are also outstanding.

IT, Steel, and cement sector are looking very strong this week and beyond, according to Bhasin.

For today, Bhasin recommended two buy stocks that will outperform.

BEL - Bharat Electronics Limited

Bhasin recommended Bharat Electronics Limited stocks. He said BEL is volatile and now giving beads globally. It is America's largest player.

Buy:  Rs 210.40
Target Price: Rs 235
Stop Loss: ------

I think the worst is behind and results are very strong, Bhasin added.

GMR Infra

Bhasin recommended GMR Infra stocks. He said it is the biggest beneficiary. Delhi airport is doing 4 times the traffic of Dubai. And GMR is now poised to do extremely well.

Discloser: 2 years ago, Tata Jindal private equity had invested 8000 in the airport and now they own Air India.

Buy: Rs 41.40
Target Price: Rs 46  
Stop Loss: Rs 39.50

He recommended to keep GMR for tomorrow.

BEL and GMR are my two picks for today. I am accumulated on Shree Cement, Acc, Ultra Tech. Jindal Steel is my outperformer from tomorrow, he concluded.

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