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 1.30 pm today-
Sanjeev Bhasin Giving opinion on the market, said that at present the market will continue to hover like this because sometimes there is talk of dollar strength, sometimes FII selling will be seen, so the market will be moderate for the next 3 to 4 days, but I say again that on July 6-7, 16000 in the market level will be seen.
Therefore, at present, stock specific trade should be done in the market. The pharma sector is leading today, so a position can be created in Sun Pharma too. Both Sun Pharma and Cipla may see an upside of 13 per cent in the coming days.
Bhasin further said that today they are betting on two large caps. These are two large cap stocks that everyone should be a part of in their portfolio. In this, good profit will be earned in the future.
Buy ICICI Bank
Sanjeev Bhasin has given buying advice in ICICI Bank as the first picks for investors. He said that this is a big private sector bank. Its result will be the best result ever. He said that this stock should be bought at the level of 634 to 636. A target of 660 will be seen in this. Along with this, a stoploss of 622 should be applied in terms of safe investment.
BUY GODREJ PROPERTIES
As second pick, Sanjeev Bhasin advises investors to buy GODREJ PROPERTIES. He said that this is such a stock of the real sector which should be in everyone’s portfolio. He said that I think the next trigger will be seen in real estate itself and the second half of the year 2021 will prove to be very good for the real estate sector. He said that this stock should be bought at the level of 1390 to 1394. In this a target of 1440 will be seen. Along with this, a stoploss of 1368 should be applied in terms of safe investment.
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