Stocks To Buy With Anil Singhvi: NTPC, PFC are money making shares, says Sanjiv Bhasin
Stocks To Buy With Anil Singhvi: Bank Nifty will continue to grow from strength-to-strength and this sector is expected to see good momentum, even if Nifty does not move in tandem, analyst Sanjiv Bhasin told Zee Business Managing Editor Anil Singhvi today
Stocks To Buy With Anil Singhvi: Bank Nifty will continue to grow from strength-to-strength and this sector is expected to see good momentum, even if Nifty does not move in tandem, analyst Sanjiv Bhasin told Zee Business Managing Editor Anil Singhvi today. Bank stocks are the space to be in, the IIFL Director said, summing up the market situation for investors.
Bhasin has advised investors to book profits in Axis Bank, IDFC First, Chola Finance, Tisco and Hindalco Industries. All these stocks were previously recommended by him on this show. Investors should also book profits on Bandhan Bank shares at Rs 305. The target price of this stock is Rs 310, he said.
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He also said that the investors should remain invested in SBI shares and it is likely that the stock would soon see a breakout and may go up to Rs 215-218.
The technical analyst gave two Buy calls today and both were from the PSU sector.
Top Stocks to Buy: NTPC
His first recommendation was NTPC. There is a breakout and a fresh opportunity is arising in this stock, he said. The stock should be bought around RS 105. The stop loss should be Rs 2.5. The target price is Rs 110-Rs 112 which means that there will be an upside of 5.5 per cent in next two days.
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Top Stocks to Buy: PFC
Another stock picked by him today was Power Finance Corporation (PFC). The stock is currently trading around Rs 100. He puts the stop loss at Rs 98.50 while the target price at Rs 107. This company is expected to give a profit of Rs 14000 cr this year. This sector has a lot of strength. PFC along with REC will lead from the front, going forward, Bhasin said.
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