Stocks to buy: Sanjiv Bhasin picks PI Industries, L&T Infotech, Manapurram Fin for gains; know why?

The market is sluggish but stocks are up. There has been some recovery and Nifty has also corrected 50-60.

Despite ongoing weakness in the markets, expert Sanjiv Bhasin is very bullish on IT stocks and said midcap-IT sector is here to outperform.  

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The IIFL Securities Director said this while speaking with Zee Business Anchor & Head-Researcher Deepanshu Bhandari in a popular TV show ‘Bhasin Ke Hasin Share'. He also picked three stocks for investors that will give high returns.

Talking about the updates of the market, Bhasin said ITC, BEL, HAL, and NTPC are outperformed. IT is a bit sluggish but that will recover. He is bullish on IT stocks. He said midcap-IT is here to outperform.

Bhasin recommended three buy calls that will be beneficial for investors.

Manappuram Finance Limited
Bhasin recommended Manappuram Finance Limited stock. He said that gold will be another proxy and the cost of lending for Manappuram is quite low.
Buy: Rs 123.70
Target Price: Rs 130
Stop Loss: Rs 118

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जानिए IIFL सिक्योरिटीज के संजीव भसीन ने आज किन 3 स्टॉक्स में दी निवेश की सलाह?@AnilSinghvi_ | @sanjiv_bhasin | @iiflsecurities | @deepdbhandari pic.twitter.com/euiM9zmMwf

— Zee Business (@ZeeBusiness) April 18, 2022

PI Industries Ltd
Another stock recommended by him was PI Industries stock. He said the best agro chemical number is coming from PI industries.
Buy: Rs 2890
Target Price: Rs 3000 - Rs 3050
Stop Loss: Rs 2820

Larsen & Toubro Infotech Limited
Bhasin recommended Larsen & Toubro Infotech Limited stock. He said this is the time to buy LTI as it is very attractively priced.
Buy: Rs 5825 -5850
Target Price: Rs 6100
Stop Loss: Rs 5750