Sanjeev Vasin, a market expert and director of IIFL Securities, said on Wednesday that it takes 1-2 days to build a floor. He says it is happening now and he hinted at it on Monday. He also gave a target of 16250 for the Nifty50 and expressed hope that the market would cover it soon.
Vasin was talking to Anil Singhvi, managing director of G Business, on a popular TV show ‘Vasin Ke Hasin Share’. He has selected four stocks for investors which will give high returns.
Talking about the market update, Vasin said that Reliance Industries Limited, Hindustan Aeronautics Limited, Bharat Electronics Limited, MCX, Ultra Tech, M&M Finance, Vedanta Limited and Hindalco Industries Limited.
For today, Vasin has recommended Call to buy four Which will be beneficial for investors.
Larsen & Toubro Limited
Vasin recommended Larsen & Toubro Limited stock as his second choice. L&T is the most privileged, he said. The company says it will see double-digit growth in the Middle East with 44% order inflows. Experts say that L&T is going to be the top if the market is to grow.
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– Zee Business (ZeeBusiness) May 18, 2022
Vasin Bajaj Finance has recommended the stock. This stock is being re-traded, he said. He said that investors will get the opportunity to buy a stock of Rs 7400 for Rs 5900 and there is no better time to buy this stock.
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Vasin recommended Emphasis stock as his third pick. He said this midcap IT stock is low quality.
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Vasin recommended Sun TV’s stock as his fourth pick. He said unprecedented numbers would come to the stock and the ARPU would grow as far as revenue goes.
Target: 450 rupees
Stop Loss: Rs