In today's edition of popular TV Programme 'Bhasin Ke Hasin Shares', IIFL Securities Director Sanjiv Bhasin recommends his favourite stocks ahead of Budget 2022 to Zee Business Managing Editor Anil Singhvi.

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Bhasin said that he believes Budget 2022 is going to be an important event for this year. He has been bullish on the banking and financial sector stocks and had in his previous shows said that Public Sector banks will likely outperform.

The buoyant mood in the PSU bank stocks was even visible in the PSU Bank stocks in today's trading session with the Nifty PSU Bank index gaining by almost 5 per cent at the closing time. Banks including State Bank of India (SBI), Bank of Baroda (BoB), Canara Bank did well today along with their private peer Axis Bank which was Nifty50's top gainer. 

Bhasin said that the performance of these banks has justified reopening in India and is going to be huge. He expects the budget to give a lot of emphasis on production linked incentives (PLI) engineering sectors, reopening themes and airports, he further said.

With the end of the weekend curfew in Delhi, Bhasin expects the Nifty50 to test 18000 and even surpass it after the Budget 2022 announcements on 1 February.

Here are the two picks given by Bhasin before Budget 2022:

Aditya Birla Capital Limited - It will likely be a beneficiary of budget, the IIFL Director said adding that insurance as a segment is a no brainer and must be looked at by the investors  AB Capital came out with a great number, Bhasin said.

Price: Rs 116
Target Price: Rs 135
Stop Loss: Rs 112 - Rs 113

Siemens

Another stock picked by him was Siemens Limited. This company can benefit from PLI in the auto and engineering sectors, he said. Be recommended a buy on this stock. 

Price: Rs 2285
Target Price: Rs 2375
Stop Loss: Rs 2235

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