Stocks to Buy with Anil Singhvi: Infosys, SBI Life, Bank of Baroda - 3 money-making blue chips
Two days of profit booking does not mean market will stop here. Market is ready for a bigger move. In a chat with Zee Business Managing Editor Anil Singhvi, IIFL Director Sanjeev Bhasin advised investors to put their money in these 3 Blue Chip Stocks - Infosys, SBI Life, Bank of Baroda.
IT, Pharma, Entertainment and Consumption sectors will remain an outperforming theme in the stock market. Significantly, FII buy inflows have never been so strong till date. This is just the start and will witness huge flows going further as well. Two days of profit booking does not mean market will stop here. Market is ready for a bigger move. In a chat with Zee Business Managing Editor Anil Singhvi, IIFL Director Sanjeev Bhasin advised investors to put their money in these 3 Blue Chip Stocks - Infosys, SBI Life, Bank of Baroda.
Sanjiv Bhasin says he expects Nifty expiry to be in the range of 12900 and 13000 on Nifty. Bank Nifty Expiry should happen in the range of 29300 - 29500. 13000 levels on Nifty and 30000 levels on Bank Nifty has been a hurdle. Markets should bounce in second half due to good buying. Considering yesterday's fall, Sanjiv Bhasin said that volatility is going to remain in the markets but eventually buying is going to come from FIIs. Would suggest to book profits in Banks and get into IT and Pharma sector. PSUs have started moving and will deliver strong performance from here as well. PSU Index will lead from here.
IT, Pharma, Entertainment and Consumption sectors will remain an outperforming theme in the market. ONGC is available at extremely good valuations and is extremely good for investment, there is limited down side on this stock and outperformance on this stock seems to be over for now. ONGC is the cheapest energy sector company available in the world.
3 picks by Sanjiv Bhasin are below:
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Infosys is giving good opportunity to investors; one should buy at current levels with targets of Rs 1155 and stop loss of Rs 1090. The stock can even go to level of Rs 1175 or Rs 1200.
SBI Life should be purchased at current levels with target of Rs 900 and stop loss of Rs 838. Long term investor should hold this company for target of Rs 1000.
Bank of Baroda is one of the best PSU Banks under the current management. Investors should buy this stock for target of Rs 52.5. Long term investor should hold this company for target of Rs 57.5 and Rs 60.
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