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

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Talking about the volatility seen in the markets yesterday, Bhasin said this was an expected line correction but we are overreacting because of the US cues. However, the results of our country are in a good state. Bajaj Finance and HDFC Bank are performing well. In fact, the results of midcaps are going to be fantastic.

If you will see, today's newspaper has also released about Capital Tax and Bonds. I think if there is a dark horse, then it will go for the long term.
"Budget should be outstanding", Bhasin predicted. He said budget and this global weakness is the reason to buy the stocks.

Reliance prepaid the debt; banks are also in a very sweet spot. Spending in infrastructure is extremely good, he added.  

While recommending picks for today and yesterday, Bhasin said to use this fault to buy, don't get perturbed by global weaknesses. India is an outperformer. Your bottom should be created today and we will not stop before we test 18400, he suggested.

Bhasin recommended three budget picks yesterday - Eicher Motors, GMR Infra, and BEL. He said these stocks will be the biggest gainers in the budget.

Eicher Motors Limited
Bhasin said, Bullet is now the biggest aspirational vehicle for rural India and the cv with Volvo is seeing an outstanding business.  
Price: Rs 2700

GMR Infra
Bhasin said Delhi has more airport traffic than anywhere in Asia, even higher than Dubai. So, if you will not accumulate this stock at the mentioned price then it will be considered as a miss-opportunity.
Price: Rs 42.50 - Rs. 43

Bharat Electronics Limited
He said the third-best play is BEL India. This company is making products and parts of Hindustan Aeronautics Limited. BEL is the biggest beneficiary in this budget on defense spending.
Defense spending is going to be higher than previously allocated. So, this is the time to buy this stock.
Price: Rs 207  
 
For today, Bhasin recommended two buy stocks of infra spending that will outperform.

Cholamandalam Investment and Finance Company Limited
Bhasin recommended Chola Finance stocks. He said Chola's number will mimic Bajaj Finance's number. Secondly, there is also a very good business in the vehicle.
Buy:  Rs 602 - Rs 604
Target Price: Rs 625/628
Stop Loss: Rs 588

Cummins Inc.
Bhasin said the second buy which is unquestionably become the biggest gainer of infra spending and power is Cummins Inc.
Buy: Rs 957 - Rs 959
Target Price: Rs 995/1000  
Stop Loss: Rs 940

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