Why Sanjiv Bhasin gave buy call for HDFC Bank and Godrej properties| Know stop-loss, targets, and more

Zee Business' Anchor & Head-Research, Deepanshu Bhandari, spoke to Sanjiv Bhasin, Director-IIFL Securities Ltd, to understand the market mood and his stock recommendations.

Responding to the question by Bhandar, about the market, Sanjiv said, “This is the time to invest money in financial market. I think Bank Nifty will outperform and weakness can come in technology and consumption segment.”

He further said, “Both RBL and DLF Banks’ prices are high. Both are going to run and will benefit.” For today, Bhasin recommended two buy calls and one sell call that will benefit investors and traders in the next 2-3 days of this week. 

Buy:
HDFC Bank

Sanjiv recommended HDFC as the first stock to invest money in. He said, “The current market price of the share is Rs. 1505. With a stop loss of Rs. 1470, the target price is Rs. 1575.”

Godrej Property

In the show, Bhasin recommended Godrej Property as the second stock where investing money will be beneficial. He said, “Unprecedented sales are being seen in Maharashtra and Gurgaon of Godrej Property.” He then added, “The current market price is between Rs. 1970-1975. With a stop loss of Rs. 1940, the target price is Rs. 2075.”

Sell
Bharti Airtel Fut

Moreover, Bhasin mentioned Bharti Airtel Fut as his next recommendation. He said, “The current market price is Rs. 702.80. With a stop loss of Rs. 724, the target price is Rs. 680.” He added, “Profit booking may come here.”

He further said, “I am very bullish on banks, real estate, and metals.”

For more details: WATCH FULL VIDEO here: -