Stocks to buy: Market expert and IIFL Securities Director Sanjiv Bhasin on Wednesday picked three stocks for investors that can yield high returns in the near term. In a special segment ‘Bhasin Ke Hasin Share' aired on Zee Business with Managing Editor Anil Singhvi, he also exuded confidence that the benchmark index will expire around 16800.

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REC Limited Fut
Bhasin recommended REC Limited as his first and top pick. He said power utilities are in the best place.
Buy Price: Rs 127.55
Price Target: Rs 137
Stop Loss: Rs 123

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GMR Fut
Bhasin recommended GMR as his second pick. He said this stock is his favorite. Unquestionably, this stock is the best play on airport and type of cross-border travel.
Buy Price: Rs 34.90
Price Target: Rs 37.50
Stop Loss: Rs 33.50

Firstsource Solutions Limited Fut
Bhasin recommended Firstsource Solutions Limited as his third pick. He said the price of FSL stock will reach Rs 115 - Rs 117.
Buy Price: Rs 108.60
Price Target: Rs 115 - Rs 117
Stop Loss: Rs 105

Talking about the update of the market, Bhasin said BEL (suggested yesterday) is today's top gainer - up by 4%. Apart from that, DLF, Hindustan Copper, Sun Tv, and Honeywell auto are performing well. Tata Motors results, suggested for the past two days, will be excellent, Bhasin predicted.