Top picks with Anil Singhvi: Sanjiv Bhasin suggests these pharma stocks for bumper returns and sell this metal stock

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In an exclusive conversation with Zee Business Managing Editor Anil Singhvi, Indiainfoline (IIFL) Securities Director Sanjiv Bhasin recommends two stocks to buy from the pharma segment for bumper returns and one to sell from the metals category.

Bhasin being bullish on the defensive sectors such as pharma picked heavyweights such as Lupin and Divis Lab for goo returns amid important triggers in both the stock, while recommends dumping Steel Authority of India Limited (SAIL) amid a weak outlook for metals.

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In the pharma segment, IIFL Securities, a domestic brokerage firm’s director explained that Lupin has invested in a diagnostic business which has maximum reach and would benefit could be reaped almost after 5-10 years, 

The market analyst suggests to buy this stock at around 940-942 per share levels with a stop loss of Rs 918 apiece for a target of Rs 975-980 per share. The stock on Tuesday closed almost 1 per cent higher to Rs 945 per share on the BSE.

Similarly, Bhasin’s one of the favourite stocks – Divis Lab is outperforming in API (active pharmaceutical ingredient) business and believes the company to report extraordinary results than its peers in the pharma sector. 

He advices to pick Divis shares around Rs 4515-4520 per share levels with a stop loss of Rs 4435 per share for a price target of Rs 4650 per share. The counter on Tuesday closed over 1 per cent higher to Rs 4516.5 per share on the BSE.

Citing weak outlook for metals, the market analyst, on the contrary, recommended to sell SAIL around Rs 106.5-106.75 per share levels with stop loss of Rs 108.50-108.75 per share for a target of Rs 101 per share. The scrip on Tuesday slipped around 5 per cent to Rs 104.5 per share on the BSE.

With Nifty50 hovering around 18000-mark, Bhasin noted that retail investors are the backbone of the market and aiding the market most, as on the other hand, the global markets have been weak. He sees, the market would make a new high and the current consolidation is temporary.