Stocks to buy: Market expert and IIFL Securities Director Sanjiv Bhasin on Thursday picked two 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 said that the left-out feeling in the market is so high that profit booking may come. But every profit booking is a buying opportunity, he added.
Bhasin recommended Nureca Ltd as his first and top pick. He said this stock is unbelievable and is the largest player in the digital app on well-being. He suggested buying this stock and accumulate it. Nureca Ltd will be the biggest outperformer, he added.
Buy Price: Rs 1094.05
Price Target: Rs 1800 – Rs 2000
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IIFL सिक्योरिटीज के संजीव भसीन का आज बाजार क्या आउटलुक?
Nureca Ltd और Tata Motors में क्यों दी खरीदारी की सलाह?
— Zee Business (@ZeeBusiness) July 22, 2022
Tata Motors Fut
Bhasin recommended Tata Motors as his second pick. He said this stock will outperform.
Buy Price: Rs 457.90
Price Target: Rs 480
Stop Loss: Rs 440
Taking about the update of the market, Bhasin said Deepak fertilizer, suggested at Rs 1740-1745, is up by Rs 150 apiece. Tata Consumers, suggested at Rs 745, is now trading at Rs 840. Wipro and persistent are also outperforming.
The margins and numbers of Persistent Systems are the best in the IT sector, he said and predicted that it will reach Rs 4500 in the next 3 months.