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 during this afternoon-
Giving his opinion on the market, Sanjeev Bhasin told CNBC-Awaaz that There is still a bullish outlook in the market today. I said auto stocks would be bullish and Bosch sold above 15800 today. Even beyond this, focus should be kept on auto stocks. Apart from this, the forging sector is performing well all over the world, so one can bet in the stocks of this sector. Due to auto trend, forging companies will become big beneficiary. Technology and IT stocks were not coming hand in hand in the boom of the market but now is the time to bet on them.
BUY BHARAT FORGE OCTOBER @ 745/747, STOP 731, TARGET 785
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Sanjeev Bhasin recommends buying in BHARAT FORGE as one of the first picks for investors. He said that it is the third largest forging company in the world. It will also benefit from the boom in the forging business across the world. He said that one should buy this stock at the level of 745 to 747. A target of 785 will be seen in this. Along with this, a stoploss of 731 should be put in it for a safe investment. He said that by next year, prices of Rs 1000 will be seen in this. However, in 2 to 3 days, a price of Rs 785 can also be seen in it.
BUY TECH MAH OCTOBER @1400/1405, STOP 1372, TARGET 1450
As second pick, Sanjeev Bhasin advises investors to buy TECH MAH. He said that the best result of this IT company will come and its stock will see a rise. One should buy this stock at 1400 to 1405 level. A target of 1450 will be seen in this. Along with this, a stoploss of 1372 should be applied in terms of safe investment.
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