Stocks to buy: Market expert and IIFL Securities Director Sanjiv Bhasin said on Friday that the market has reached 16200. He is still bullish on markets and opines that it will reach 16500 soon. There is short recovery across the board, he added.
The outlook was given by him while speaking with Zee Business Managing Director and Market Guru Anil Singhvi in the popular TV show ‘Bhasin Ke Hasin Share’, in which, he picked two stocks for investors that can yield high returns.
Talking about the update of the market, Bhasin said Tata Chemicals Ltd, recommended at Rs 805 -Rs 807, reached at Rs 830 within two days. Hindalco and Jindal Steel are also performing well.
For Today, Bhasin recommended two buy picks that will help investors make money in the near term. He said that both the stocks are metal counters and will give a great move from this point.
Bhasin recommended National Aluminium Company Limited stocks as his first pick. He said NALCO will be the biggest gainer.
Price: Rs 74.25
Target: Rs 77.50 – Rs 78
Stop Loss: Rs 71
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जानिए IIFL सिक्योरिटीज के संजीव भसीन ने आज NMDC Fut, NALCO Fut में क्यों दी निवेश की सलाह?@AnilSinghvi_ | @sanjiv_bhasin | @iiflsecurities pic.twitter.com/QL7iAGT3cO
— Zee Business (@ZeeBusiness) July 8, 2022
Bhasin recommended National Mineral Development Corporation Ltd stocks as his second pick. He said iron prices are heading up.
Price: Rs 110.20
Target: Rs 115
Stop Loss: Rs 105
He concluded, that NALCO and NMDC are going to roar from here.