Stocks To Buy With Anil Singhvi: Exercise caution amid market euphoria, says Sanjiv Bhasin; names ACC, Ambuja, BPCL as buys

Stock Markets euphoria is spilling over and some caution needs to be exercised by investors, Market Expert Sanjiv Bhasin told Zee Business Managing Editor Anil Singhvi today. He said that all is not well in mid cap and small cap stocks

Sanjiv Bhasin recommends buying in ACC at Rs 1674. He puts the stop loss at Rs 1652 while the target price at Rs 1775

Stock Markets euphoria is spilling over and some caution needs to be exercised by investors, Market Expert Sanjiv Bhasin told Zee Business Managing Editor Anil Singhvi today. He said that all is not well in mid cap and small cap stocks.

Owing to this, Bhasin has been recommending quality large cap stocks like Dabur, TCS, Godrej Properties and HCL Technologies. He said that sticking with big names will help investors ride this volatility.

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On his previous recommendations, Bhasin said that SBI Life has achieved its target, but investors can still continue to hold it. Meanwhile, profits can be booked in GMR and HCL Tech stocks, he added.

He also said that he will be cautious on metals and advised profit booking. The prices may see a 5-7 per cent sell off in the coming weeks.

He recommended three stocks today and all were buy calls.

Top Stocks to Buy: ACC

The Director recommended ACC as his first buy. He said that prices of cement are going up across the board. He recommended buying in this stock at Rs 1674. He puts the stop loss at Rs 1652 while the target price at Rs 1775.

Top Stocks to Buy: Ambuja

Another stock recommended by him was Ambuja. He called it a blind buy at Rs 255. He puts the stop loss at Rs 240 while the target price of Rs 280.

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Top Stocks to Buy: BPCL

He said that the PSU stocks have been having a good run and BPCL is a stock to buy now. The news about its sale are doing the rounds. Moreover, crude prices are at an all time high. The deliverable are at a low so the margins are going to be very strong, he further said. This stock is currently trading at Rs 394. He puts the stop loss at Rs 383 while the target price is between Rs 415 and Rs 425.

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