Stocks to buy with Anil Singhvi: Sanjiv Bhasin picks Indian Hotels, Ashok Leyland for profit; know why
Notwithstanding the current market volatility, it is a buying opportunity for the investors, market analyst Sanjiv Bhasin tells Zee Business Managing Editor Anil Singhvi. The Foreign Institutional Investors (FIIs) selling of Indian euities is also at its fag end, he opined.
Notwithstanding the current market volatility, it is a buying opportunity for the investors, market analyst Sanjiv Bhasin tells Zee Business Managing Editor Anil Singhvi. The Foreign Institutional Investors (FIIs) selling of Indian euities is also at its fag end, he opined.
The IIFL Securities Director said that this is the best time to buy Ultratech Cement because this is the first time its cost has gone below Rs 7000 in the last 6 months. And this stock is going to become a multibagger stock over time. He reiterated his stance on Ultratech and IEX.
He said, looking at India’s focus on green energy, IEX is "definitely" going to grow from here.
The two stocks Bhasin recommended for today are:
The Indian Hotels Company Limited:
Bhasin claims that it is unquestionably the biggest gainer because there are no vacant rooms available, and if you look at the rate of rooms, the prices are crossing the roof.
Price: Rs 209.70
Target Price: Rs 218 - Rs 220
Stop Loss: Rs 204
Ashok Leyland
According to Bhasin, Ashok Leyland is transitioning itself in a very good manner towards the EV platform. It has strong sales guidance, and the coming quarter can prove to be beneficial for Ashok Ley Land.
Price: Rs 126.50
Target Price: Rs 135
Stop Loss: Rs 122
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