Stocks to Buy Today With Anil Singhvi: Coal India, BPCL top PSU picks for Sanjiv Bhasin
Top Stocks to Buy: In a big revelation, analyst Sanjiv Bhasin told Zee Business Managing Editor Anil Singhvi that Nifty 50 is moving in the range of 11,100-11400 and critically, a correction is due here. So what should be done in this volatile situation? Bhasin advised investors to stay put, since there are trading opportunities on buying as well as selling side
Top Stocks to Buy: In a big revelation, analyst Sanjiv Bhasin told Zee Business Managing Editor Anil Singhvi that Nifty 50 is moving in the range of 11,100-11400 and critically, a correction is due here. So what should be done in this volatile situation? Bhasin advised investors to stay put, since there are trading opportunities on buying as well as selling side.
According to Bhasin, investors should have stocks on both sides. What does that mean? Well, if the markets are weak, investors should have stocks to sell. It is important to remain in the markets and Bhasin expected the volatility to remain for some more days.
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As for the stock segments, the IIFL Director said that mid cap stocks were moving from strength-to-strength and a new sector is emerging in the form of PSU stocks. Bhasin told Singhvi that he has only been pushing his winners. PFC, REC, DLF, Godrej Consumer, NTPC, NMDC have all been earning returns for investors. He also advised investors to book profits on Bandhan Bank.
Investors should stay put in the markets as Mid-cap stocks are currently in flavor, albeit with some caution, Sanjiv Bhasin said during his daily stock recommendation programme ‘Bhasin Ke Hasin Share’.
Today, he recommended two stocks, both with Buy calls. Both the stocks are from the PSU space.
Top Stocks to Buy: Coal India
He recommended buying in Coal India. The stock is currently trading around Rs 137. He puts the stop loss at Rs 133.50 and the target price at Rs 148- Rs 150. This stock is breaking out from a very big channel, he said. While the stock is undervalued, a 10 per cent dividend yield, makes it a must-have stock in the portfolio.
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Top Stocks To Buy: BPCL
Another stock picked by him is BPCL. The stock should be accumulated around Rs 405- Rs 406. He puts the stop loss at Rs 398 while the target price at Rs 430. He said that BPCL stock will be the best asset to be sold. The global wave of liquidity will be “definitely” looking to chase it at premium as the Expression of Interest gains interest.
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