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-
Sanjeev Bhasin giving his opinion on the market with CNBC-Awaaz Said that this correction has come after such a boom in the market. Anyway, after going to such a height, there should be a slight decline. This is a healthy correction for the market. It can’t just happen in the market that you shop and earn money. So this fall had to come. Anyway, there are global indications of unwinding but it looks like India will stand out in this.
Bhasin further said that the government is doing what it can from its side. Banks which were calm till now will be seen doing well as the banks are getting good relief from the government. The Vodafone issue is getting closer to being resolved. So one should bet in banking stocks. He said that there is fear in the market at this time, so one should invest in good stocks because only good stocks are available at attractive prices in fear. Those who bet in Bosch at the level of 13000 have made good money today.
Sanjeev Bhasin said that the level of 275 will be seen in IRB INFRA, trading advice given in these 2 stocks
Bank of Baroda
Sanjeev Bhasin recommends Bank of Baroda as one of the first picks for investors to buy. He said that the best results will come in this quarter after State Bank of India. This bank will be seen going to the line of Canara Bank. He said that this stock should be bought at the level of 82 to 82.5. There will be a target of 90 rupees in this. Along with this, a stop loss of Rs 80.5 should be applied in terms of safe investment.
IDFC First Bank
As the second pick, Sanjeev Bhasin has advised investors to buy IDFC First Bank. He said that it will present the best results this time. They have a provision of Rs 650 crore out of the Rs 3200 crore loan they have on Vodafone. He said that this stock should be bought at the level of 47 to 47.25. A target of Rs 52 will be seen in this. Along with this, a stop loss of 45 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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