Stocks To Buy With Anil Singhvi: Dabur India and Maruti Suzuki are top Sanjiv Bhasin recommendations
Market closed today with mild gains, Nifty closed 0.3% up at 11930 while Sensex closed 0.3% up at 40685.
Stocks To Buy With Anil Singhvi: Market Guru Anil Singhvi has advised traders to book some profit near 11975 - 12025 levels on Nifty. Singhvi said that the support range on Nifty is 11765 – 11835 and the market should hold on to these levels and see some buying. Market closed today with mild gains, Nifty closed 0.3% up at 11930 while Sensex closed 0.3% up at 40685. Keeping that in mind, he asked Sanjiv Bhasin, Director at IIFL Securities, to share his picks for today and the analyst responded with picking 2 blue chip companies, Dabur India from FMCG space and Maruti Suzuki (Leader in 4 wheeler space) from Auto sector as being stocks to buy.
Speaking on Dabur, Sanjiv Bhasin said Dabur Q2 results are expected to be extremely strong, channel checks indicate that Chawanprash sales will be at record highs in the history of the company. Dabur will come out with the best quarter when compared to the last 16 quarters.
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One should buy Dabur at a current market price of Rs 515 with stop loss of Rs 505 and target of Rs 550 - Rs 565. Trading call target is Rs 550 while one can see Rs 565 till Diwali on Dabur.
On his next pick of the day, the IIFL Securities Director said Maruti is going to see record sales for the month of October. One should buy in the range of Rs 7025 – Rs 7035 with stop loss of Rs 6890 with a target of Rs 7700.
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