Stocks to buy: Market expert and IIFL Securities Director Sanjeev Bhasin on Thursday said that today is the day of automobiles and technology. He said that it is a simple equation, if sell-off is coming in commodities globally like cotton, aluminum, steel and oil, then auto and IT will witness the best sales ever.
“This is the time to be in auto and IT,” he added.
Maruti, Ashok Leyland, and M&M are his top picks, he further said.
He spoke to Zee Business Managing Director and Market Guru Anil Singhvi in the popular TV show ‘Bhasin Ke Hasin Share’, in which, he picked three stocks for investors that can yield high returns.
Talking about the updates on the market, Bhasin said Bajaj Auto, Info Edge, Tata Motor, and L&T are hitting their targets.
For Today, Bhasin recommended three buy calls that will help investors make money in the near term. All three belong to IT sector.
Bhasin recommended Mphasis as his first pick. He said this is the best and cheapest stock to buy.
Price: Rs 2333
Target: Rs 2450
Stop Loss: Rs 2215
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Bhasin recommended L&T Tech as his second pick.
Price: Rs 3126
Target: Rs 3300
Stop Loss: Rs 3025
Bhasin recommended Tech Mahindra stocks as his third pick.
Price: Rs 996
Target: Rs 1050
Stop Loss: Rs 955