Stocks to buy: Sanjiv Bhasin picks Tata Power, IDFC First Bank, Piramal Enterprises for gains; know why?

Market Expert and IIFL Securities Director Sanjiv Bhasin said the month of March is wonderful in terms of market returns. The money which is made in these 2 weeks is not made even in 3-4 months and that is why always follow the principle of fear and greed, he said.

He also said India is in a sweet spot, take it with a pinch of salt.

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Bhasin said this while speaking with Zee Business Anchor & Head-Researcher Deepanshu Bhandari in a popular TV show ‘Bhasin Ke Hasin Share’. He also picked three stocks for investors that will give high returns.

Talking about the market updates, Bhasin said REC Limited, Indiabulls, and Bharat Electronics Limited (BEL) are outperformed. He also is in optimism that midcap will now outperform.

Bhasin recommended three buy calls that will be beneficial for investors.

Tata Power Company Limited
Bhasin recommended Tata Power stock. He said the company is seizing the opportunity as far as power projects and EVs go. You can not but make money, he said.
Buy: Rs 242.30
Target Price: Rs 265 – Rs 270
Stop Loss: Rs 233
He said this will be the outperformer of this month.

IDFC First Bank
Bhasin recommended IDFC First Bank stock. He said to stay with IDFC.
Buy: Rs 41.20
Target Price: Rs 45
Stop Loss: Rs 39

Piramal Enterprises
Bhasin recommended Piramal Enterprises stock and said it will outperform. He said real estate is doing extremely well and Piramal has all the portfolio. 15 million square feet in Thane and Mumbai and they are rare to go for. Also, they will incorporate DHFL and exit the pharma business which will re-rate this company.
Buy: Rs 2200
Target Price: Rs 2300.50
Stop Loss: Rs 2135

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