Renowned market expert and IIFL Securities director Sanjiv Bhasin on Monday said that markets have weathered the weakness and seem set to move up. He said that Nifty50 will reclaim 18,500 before the Budget which will be presented on February 1. He said that banks are delivering good results and that Bank Nifty will be the leader. He said that auto stocks will remain in action and contribute to the index.

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He recommended 3 stocks to Zee Business viewers to buy for trading perspective:

 

Ashok Leyland

He said that Ashok Leyland has invested more than any other company in hydrogen fuel vehicles.

Buy: Rs 144.70
Target Price: Rs 155
Stop Loss: Rs 141

ICICI Prudential

Buy: Rs 472
Target Price: Rs 500
Stop Loss: Rs 463

Concor

Buy: Rs 699
Target Price: Rs 740
Stop Loss: Rs 688

 

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