Stocks to buy: Market expert and IIFL Securities Director Sanjeev Bhasin on Wednesday said that the price of crude came down to $99 on Tuesday. It implies that India is in a very sweet spot. Bond yields are starting to come down to a new low, he said. This shows that Fed will not be at all that aggressive as anticipated.
The outlook was given by him while speaking with Zee Business Managing Editor and Market Guru Anil Singhvi in the popular TV show ‘Bhasin Ke Hasin Share’, in which, he picked four stocks for investors that can yield high returns.
IIFL Securities Director said that the value of the rupee comes near Rs 80 against the dollar. Now, companies will make huge windfall profits just on the rupee hatch. He said that he is bullish and this is the time to buy midcaps, IT, and banks.
For Today, Bhasin recommended four buy picks that will help investors make money in the near term.
Bhasin recommended Wipro stocks as his first pick. He said risk-reward is favorable in this stock.
Price: Rs 415.80
Target: Rs 440
Stop Loss: Rs 405
Tata Chemicals Fut
Bhasin recommended Tata Chemicals stocks as his second pick. He said Tata Chemicals is the largest player in soda and alkaline chemicals. Also, it is the largest input for lithium-ion batteries. This is an opportunity to buy Tata Chemicals stock at this price, he added.
Price: Rs 806.40
Target: Rs 840
Stop Loss: Rs 788
For More Details Watch Full Video Here:
जानिए IIFL सिक्योरिटीज के संजीव भसीन ने आज Wipro Future, Tata Chemical Future, Coforge Ltd Future और Adani Ports Future में क्यों दी खरीदारी की सलाह?@AnilSinghvi_ | @sanjiv_bhasin | @iiflsecurities pic.twitter.com/E8sBggmUVS
— Zee Business (@ZeeBusiness) July 6, 2022
Adani Ports Fut
Bhasin recommended Adani Ports stocks as his third pick. He said Adani Ports is in the best position in terms of tanker ports.
Price: Rs 679.25
Target: Rs 710
Stop Loss: Rs 660
Coforge Ltd Fut
Bhasin recommended Coforge Ltd stocks as his fourth pick. He said this stock is a no-brainer. He added that the business of this company is more US-centric. Also, it is one of the best companies for new products designing AI.
Price: Rs 3528.95
Target: Rs 3750
Stop Loss: Rs 3450