Top stocks to buy with Anil Singhvi: Sanjiv Bhasin picks Manappuram, L&T, Godrej Properties for gains; know why?
The IIFL Director was speaking with Zee Business Managing Editor Anil Singhvi in a popular TV show Bhasin Ke Hasin Share.
Market expert and IIFL Securities Director Sanjiv Bhasin remains bullish on the outlook of domestic stock markets on the back of strong earnings posted by State Bank of India (SBI) and Bank of Baroda (BoB) and the stock have have posted new 52-week highs.
He questioned talks of bear trend in markets arguing that the real estate sector has witnessed record sales with DLF improving the guidance.
The IIFL Director was speaking with Zee Business Managing Editor Anil Singhvi in a popular TV show ‘Bhasin Ke Hasin Share. He also picked three stocks for investors for high returns.
SAIL and Tata Steel numbers are expected. So, this is your chance. Don't miss it, Bhasin suggested.
Bhasin further said global volatility will definitely start and upside will be seen. He expected that market should estimate 18200-18300 after 15th February.
Talking about updates, Bhasin said Bank of Baroda, SBI, Tata Steel, JSW Steel, SAIL, Jindal Steel and PI Industries, all have exceeded their targets.
For today, Bhasin recommended three buys that will outperform.
Godrej Properties Limited
Bhasin recommended Godrej Properties stock. He said Godrej Properties had decreased by 9% on Friday, but still, he said don't miss this opportunity. This is the best time to buy the biggest real estate company. The company has given the guidance that this quarter's sale will be the highest in the history of the company. The DB Realty deal has also been reversed. So, any company which first thinks of shareholders is a wealth creator.
Buy: Rs 1570 - Rs 1575
Target Price: Rs 1750
Stop Loss: Rs 1530
This share will outperform, he predicted.
Manappuram Finance Limited
Bhasin recommended Manappuram Finance stocks. He said gold lenders will have become the biggest gains because their reverse ratio with deals is the best.
Buy: Rs 155.50 - Rs 156
Target Price: Rs 162
Stop Loss: Rs 152
L&T Financial
Bhasin recommended L&T stocks as the third pick. He said that he has a comfort level with this stock.
Buy: Rs 75
Target Price: Rs 83 - Rs 84
Stop Loss: Rs 72
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