Stocks To Buy With Anil Singhvi: SBI Life, Apollo Tyres and Maruti - check out Sanjiv Bhasin strategy
All the picks recommended on various Bhasin Ke Hasin Share episodes over the past 2-3 days have had a good run, analyst Sanjiv Bhasin told Zee Business Managing Editor Anil Singhvi today. These stocks have been recommended both with long term and short term views, the IIFL Director said
All the picks recommended on various ‘Bhasin Ke Hasin Share’ episodes over the past 2-3 days have had a good run, analyst Sanjiv Bhasin told Zee Business Managing Editor Anil Singhvi today. These stocks have been recommended both with long term and short term views, the IIFL Director said.
Some of the stocks recommended include Cholamandalam Finance, Rural Electrification Corporation (REC), Power Finance Corporation (PFC). All the three stocks have achieved their targets, he said. ONGC which was recommended in the morning has outperformed. Axis Bank has also done well. On the short side Larsen and Toubro (LT) and Reliance Industries have had a good run, he added.
Watch Zee Business Tweet Video Below:
In today's show, the technical analyst gave two Buy calls and one Sell call.
Top Stocks to Buy: SBI Life
Bhasin picked a share which has recently been inducted in Nifty 50. This share is SBI Life Insurance Company or SBI Life. Though this stock has been an underperformer, he said guessing about the potential of the insurance sector is a no-brainer. Bhasin has recommended this stock and added that SBI Life is currently trading at around Rs 838. He put the stop loss at Rs 824. The first target price is Rs 875 and the next target is Rs 900, he added.
Top Stocks to Buy: Apollo Tyres
Another stock picked by him today was Apollo Tyres. The stock is currently trading around Rs 131. He puts the stop loss at Rs 127.50 and the target price at Rs 150. The promoters have increased their shares through creeping acquisition and the automobile sector as a whole had tremendous strength, he said. He further said that the company will be a definite beneficiary from commercial vehicles and passenger cars segments.
See Zee Business Live TV Streaming Below:
Top Stocks to Sell: Maruti Suzuki
Bhasin recommended a Sell call on Maruti Suzuki shares. He said that the stock should be sold in the range of Rs 7050- Rs 7060. He puts the stop loss at Rs 7136 and the target price at Rs 6920.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.