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 this morning-
Sanjeev Bhasin giving his opinion on the market CNBC-Awaaz Told that there is a deep correction in the midcap and there is value. While there are many stocks in large cap which are getting bigger. I believe that many stocks in the IT sector are now fully priced. That’s why I think now money should be turned around in real estate. Apart from this, one should invest in midcap banking as the shares here are under priced and are getting as per your comfort.
Buy SBI @408, Stop 400, Target 425
Sanjeev Bhasin recommends buying in SBI as one of the first picks for investors. He said that this stock should be bought at the level of 408. A target of 425 will be seen in this. Along with this, a stoploss of 400 should be applied in terms of safe investment.
Buy Nestle @19825/850, Stop 19450, Target 20500
As the second pick, Sanjeev Bhasin advises investors to buy Nestle. He said that targets can be seen in this in the next two days. One should buy this stock at 19825 to 1950 level. A target of 20500 will be seen in this. Along with this, in terms of safe investment, a stoploss of 450 should be put in it.
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