Sanjiv Bhasin Stock Recommendations: Snapping its three-day winning run, benchmark Sensex declined by 117 points in a volatile trade on Wednesday, May 15, 2024, due to selling in index heavyweight shares like HDFC Bank, Reliance Industries and TCS. The 30-share BSE Sensex declined by 117.58 points or 0.16 per cent to settle at 72,987.03. During the day, it lost 281.95 points or 0.38 per cent to 72,822.66. The broader Nifty dipped 17.30 points or 0.08 per cent to close at 22,200.55. The index oscillated between a high of 22,297.55 and a low of 22,151.75 in day trade.

Speaking to ET NOW Swadesh, Sanjib Bhasin, a veteran market expert and director of IIFL Securities, discussed the current market scenario and recommended two stocks for investors.

Speaking about the volatility in the market, Bhasin said, "The path ahead is not easy and this is because elections are here, rumour mongering, US CPI data. The underperformance that we had to do has already happened. If we are in this range for few day, it is very good because you are getting opportunities. Vedanta has touched new high. Similarly, Sail and NALCO have also touched new highs. Idea rallied 6 per cent, Engineer surged 10 per cent. Take shares which will earn you money. It is not mandatory to focus only on index."

100% return in 1 year! Sanjiv Bhasin's BIG bet on 2 stocks

Further, Bhasin made big bets for Engineers India Ltd and Ircon International Ltd while predicting that both the shares have the potential to double the money of the investors in one year.

"NALCO and Vedant, as I said earlier, are above profit. Engineers have moved 10 per cent and this is just the beginning. Engineers and IRCON are my favorite shares of this year. From here the upside is minimum at 50 per cent and if you sit for a year, then it is 100 percent upside. This means the prices of the two should come between 400-500," the market expert said.