Stocks To Buy With Anil Singhvi: NMDC, Bharti Airtel are top picks for analyst Sanjiv Bhasin; says bullish on Nifty
In a chat with Zee Business Managing Editor Anil Singhvi during the popular TV Show ‘Bhasin Ke Hasin Share’, analyst Sanjiv Bhasin said that there could be volatility for next 1-2 days.
In a chat with Zee Business Managing Editor Anil Singhvi during the popular TV Show ‘Bhasin Ke Hasin Share’, analyst Sanjiv Bhasin said that there could be volatility for next 1-2 days. He said that there is a Supreme Court judgement on interest rate issue on Monday so it is advised that the investors should book profits.
He also said that this was the best time to get into the stock market and this opportunity may not come in the near term again. Telecom and commodities are the sectors to invest in, the IIFL Director said. He said that October will arguably be a better month than August. He said that this is the time for accumulation as the markets are headed for an uptrend.
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Among his previous recommendations are Bank of Baroda, Sun Pharma and Tata Power and he advised profit booking strategy in BoB. He said that Sun Pharma has also achieved its target while Tata Power is underperforming today. He said that the investors can exit the stock if their stop loss is triggered. Bhasin said that he was still bullish on HDFC Bank, Godrej Properties and DLF.
The analyst gave two Buy calls today.
Top Stocks to Buy: NMDC
The technical analyst recommended a stock which has been an underperformer. He said that steel prices globally are seeing an upward swing. He said that the steel exports are doing very well and the largest iron ore company NMDC is his top pick. This stock is currently trading around Rs 81.50. He puts the stop loss at Rs 79.25. He puts the target price between Rs 95 and Rs 100 and said that it should be achieved within a month.
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Top Stocks to Buy: Bharti Airtel
His next stock was Bharti Airtel. The company is planning to increase its ARPU (Average Revenue Per User). This stock is currently trading around Rs 434. He put the stop loss at Rs 424 and the target price at Rs 475.
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