Top stocks to buy: Amid falling market, IIFL Securities, Director Sanjiv Bhasin shared his market outlook in conversation with Zee Business’ Managing Editor Anil Singhvi.

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He said that there was an unprecedented selling pattern seen in Nasdaq and the Indian market; the stock witnessed negative movement because of the increased repo rate by RBI.

Sanjiv Bhasin claimed that the market is going to hit its bottom soon. He recommended investors stick with their investments and hold them.

The three factors that Bhasin suggested investors keep as traits are passion, conviction and patience.

The market is going through a bottom out process.

AB Capital, GMR Infra, and DLF are the stocks Bhasin recommended on Monday.

The stocks recommended by Bhasin are:-

L&T

He said that the company is soon going to announce the dividend and profits.

Price: Rs 1605

Target Price: Rs 1675 - Rs 1680

Stop Loss: Rs 1575

 

L&T Finance

Management has bought 5 crore shares, Bhasin added.

Price: Rs 79

Target Price: Rs 90

Stop Loss: Rs 75.50

AB Capital

Best player in Asset Management Company (AMC), Alternative Investment Fund (AIF), and insurance, Bhasin claimed.

Price: Rs 105.75

Target Price: Rs 115

Stop Loss: Rs 102

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