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Wednesday, October 27, 2021

Before the market closed, today Sanjeev Bhasin bet on this midcab bank and underperforming pharma stock

Sanjeev Bhasin, Director, IIFL Securities has vast experience in the stock markets. Sanjeev Bhasin is associated with the market for the last 32 years. They keep a very close watch on the movements in the markets. Clients of IIFL Securities have been making profits for years from his tips on stocks. Now Sanjeev Bhasin brings to the audience the top Conviction Picks of earnings thrice during the business day on CNBC-Awaaz.

Know which earning stock is keeping a close eye on Sanjeev Bhasin before the market closes today-

Commenting on the market, Sanjeev Bhasin told CNBC-Awaaz that the markets in India are outperforming. There has been ups and downs in this, but on one hand it falls by more than a hundred points in the morning and in the second half it also shows an increase of more than 100 points. Midcaps are outperforming in this. So bet on selected stocks.

Sanjeev Bhasin said there is misunderstanding in the market, trade carefully, bet on these 2 stocks

IDFC First Bank

Sanjeev Bhasin recommends buying in IDFC First Bank as one of the first picks for investors. He said that this is his favorite stock which was underperforming but now after the resolution of Vodafone issue, it will see a boom. Its cash ratio and credit book will be seen doing the best. He said that this stock should be bought at the level of 47.50 to 48. A target of 50 will be seen in this. However, after this the target of 52 can also be seen in it. Along with this, in terms of safe investment, stoploss should be placed at Rs 46.

Aurobindo Pharma

As the second pick, Sanjeev Bhasin advises investors to buy Aurobindo Pharma. He said that this sector and stock is underperforming at the moment but I think it will pick up now. He said that its results will be very good in this quarter, so today I am giving this contrarian pick and I think now the pharma sector will set a trade in which Aurobindo Pharma will become the top performer. He said that this stock should be bought at 724 level. In this, a target of 748 to 750 will be seen. Along with this, a stoploss of 709 should be applied in terms of safe investment.

(Disclaimer: The views and investment advice given on moneycontrol.com are the personal views and opinions of investment experts. Moneycontrol advises users to consult a certified expert before making any investment decision.)

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Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.
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