Sanjiv Bhasin picks Bandhan Bank and BEL for good returns - Check target price, stop loss, other details
In conversation with Anil Singhvi, Managing Editor at Zee Business, Sanjiv Bhasin, Director-IIFL Securities Ltd Markets suggested Bandhan Bank Ltd and Bharat Electronics Ltd (BEL) for good returns.
In conversation with Anil Singhvi, Managing Editor at Zee Business, Sanjiv Bhasin, Director-IIFL Securities Ltd Markets suggested two stocks namely Bandhan Bank Ltd and Bharat Electronics Ltd (BEL) for good returns.
Here is what Bhasin said about the stocks and check the target and stop loss he gave:
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1. Bandhan Bank Ltd- Speaking about the bank Bhasin said that the bank has gone through lots but its recent foray into insurance business is a good move. He said that the bank has around 2 crore 75 lakh accounts and hence it is not difficult for it to sell insurance.
He added that the bank is perfectly suited and cost of funds is lowest. He suggested investors to buy the stock at Rs 315-316 and gave a target of Rs 324-325 in short term and said that the target may reach Rs 335 in the near term. Stop loss is of Rs 307-308.
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2. Bharat Electronics Ltd (BEL): Speaking on BEL he said that he feels the quarterly result of the company will be best this time. If you see the numbers of BEL then it can be seen that it has been very strong in the last quarters and in this quarter, it will increase further, he added.
Bhasin recommended investors to buy the stock at Rs 204-205 and keep a stop loss of 200. The target is of Rs 212.
Shares of Bandhan bank were trading at Rs 315.25, down by 1.35 points or 0.43 percent on NSE at 11:53 am. While on BSE it was trading at Rs 315.35, down by 1.25 points or 0.39 percent.
On the contrary, shares of BEL were trading in green at Rs 205.40, up by 0.60 points or 0.29 percent at 11:53 am on NSE. While it was at Rs 205.40, up by 0.60 points or 0.27 percent on BSE.
(Disclaimer: The views/suggestions/advices expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)
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