Stocks to buy with Anil Singhvi: Sanjiv Bhasin picks GMR, IEX, Siemens for gains; know why?

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Market Expert and IIFL Securities Director Sanjiv Bhasin said that May will be a great month for the stock markets and suggested investors to invest inequities in May to “make money”. He also said that the market will again reach 18000 or maybe more than that.

Bhasin said so while speaking with Zee Business Managing Director and Market Guru Anil Singhvi in a popular TV show ‘Bhasin Ke Hasin Share’. He also picked three stocks for investors that will give high returns.

Talking about the updates of the market, Bhasin said HDFC outperformed and insurance is going to rule the roost. Since LIC is coming, private insurances are in for a good time, he added. He is bullish on midcap ITs too.

Bhasin recommended three buy calls that will be beneficial for investors. All are power stocks.

GMR Group
Bhasin recommended GMR Group stock. He said that GMR is not just an airport, it also has a power business that is doing very well. The investors will not get another stock at this cheap price, combined with the record traffic that is seen in the airport, and power is the icing on the cake, he added.
Buy: Rs 37.70
Target Price: Rs 39.5 – Rs 40
Stop Loss: Rs 36.5

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Indian Energy Exchange Ltd (IEX)
Another stock recommended by him was Indian Energy Exchange Ltd stock. He said that the market is underestimating this stock. The numbers are powerful and the volumes are going to be great, he added.
Buy: Rs 212.40
Target Price: Rs 230
Stop Loss: Rs 206

Siemens
Bhasin recommended Siemens stock. He said this is the biggest player from Germany.
Buy: Rs 2283
Target Price: Rs 2375
Stop Loss: Rs 2245