Stocks to buy with Anil Singhvi: Ashok Leyland, TVS Motor shares are top Bhasin picks today
Stocks to buy with Anil Singhvi: Market analyst Sanjiv Bhasin spoke to Zee Business Managing Editor Anil Singhvi about market outlook on Monday said that there is an opportunity of making money as well as concern that market is trading at a very high level.
Stocks to buy with Anil Singhvi Market analyst Sanjiv Bhasin spoke to Zee Business Managing Editor Anil Singhvi about market outlook on Monday said that there is an opportunity of making money as well as concern that market is trading at a very high level. He suggested to strike a balance between both before executing trade. He said financial stocks are very much likely to see profit booking, but overall, the undertone for markets is strong. He said there are all good news about NBFCs but advised to be watchful.
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He said current trade has made many shares attractive in longer term. Bhasin said there is still good strength in Pharma, consumption and auto stocks.
Talking about his previous picks—GAIL, Infosys and TCS — he said all of these stocks have outperformed. Even Grasim Industries and Cipla as suggested by him also achieved their respective targets. He said another of his picks, Indigo, is down by 4%, however, he suggested to stay put with the stock.
Bhasin recommended his ‘favourite’ Ashok Leyland as his first pick. Explaining the rationale behind this pick, the market analyst said the auto stock has seen unprecedented gain and will shortly show three figures. He recommended to buy it around Rs 90.5 to Rs 91 for a target of Rs 100 in short term. Bhasin put a stop loss for this share at Rs 88.50.
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His another pick was also from auto space, a two-wheeler company that has outperformed in the South. Picking TVS Motor, he said buy this stock in the range of Rs 473 to Rs 475 for a target of Rs 490/Rs 494. The market analyst put stoploss for TVS Motor at Rs 466.5.
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