Stocks To Buy With Anil Singhvi: Amid strong buying in the banking and auto stocks, Zee Business Managing Editor Anil Singhvi has been revealing names of quality stocks to buy in short-term to take advantage of this current rally on positive global cues. The Market Guru today asked Sanjiv Bhasin to share his top stock picks and the IIFL Securities Director replied with Bandhan Bank and Motherson Sumi Systems, calling them shares to buy for great returns.
Speaking on the banking sector, Sanjiv Bhasin said that the banking sector is highly bullish as Supreme Court hearing on the EMI moratorium is under way and the government of India is offering relief to both loan borrowers and the lending institutions. He predicted that by the end of this week, Bank Nifty will be around 23,500 levels.
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On account of this highly bullish banking sector, Sanjiv Bhasin told Anil Singhvi that his first pick of the day is Bandhan Bank shares. He said that Bandhan Bank shares will remain outperformers in the banking sector throughout the year. One can buy Bandhan Bank shares at Rs 298 to Rs 298.50-mark for a target of Rs 325 in immediate short-term, maintaining the stop-loss at Rs 292.
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Zee Business (@ZeeBusiness) October 6, 2020
On his second pick of the day the Director IIFL Securities said, “My second pick of the day is Motherson Sumi Systems shares. One can buy Motherson Sumi shares at Rs 119 to Rs 119.25 per stock levels for the target of Rs 127.” However, Bhasin strictly advised traders to maintain the stop-loss at Rs 116.50.”