Top choice for the day: Anil Singhvi calls these stocks to make a profit booking

Anil Singhvi Stock Selection: ZEE business executive editor Anil Singhvi has shared a list of traders to make a profit booking. The stocks he chose came from departments that could benefit from possible government GST reforms that were designed to make products like two-wheelers, compact cars and insurance more affordable.

This idea? Now, with the hope of market baking, reading is to achieve a simplified GST regime – Prime Minister Modi hints at this in his Independence Day speech. Singhvi’s strategy incorporates this optimism, focusing on the stocks that may be found if the GST rate is cut.

Here is a breakdown of Market Guru Anil Singhvi’s highest future phone call:

a) Car inventory

1) Bajaj Auto

Buy | Stop Loss: Rs 8,165 | Target: Rs 8,295, Rs 8,350, Rs 8,415
If the GST of the two-wheeler is cut, it is considered a big beneficiary

2) Hero motorcycle

Buy | Stop Loss: Rs 4,640 | Target: Rs 4,795, Rs 4,820, Rs 4,845

3) Suzuki

Buy | Stop Loss: Rs 12,790 | Target: Rs 13,100, Rs 13,220
Compact cars may be cheaper if reforms pass

4) Ashok Leyland

Buy | Stop Loss: RS 119 | Target: Rs 124, Rs 126

b) Insurance options – play a long game

1) LIC

Buy | Stop Loss: Rs 880 | Target: Rs 900, Rs 915, Rs 925
Insurance may see better quantities if the GST burden is reduced

2) Maximum Financial Services (MFSL)

Buy | Stop Loss: Rs 1,585 | Target: Rs 1,610, Rs 1,625, Rs 1,645

c) Consumers and the following – Benefit from affordability

1) Vol

Buy | Stop Loss: Rs 1,248 | Target: Rs 1,290, Rs 1,310, Rs 1,325

2) Havells

Buy | Stop Loss: Rs 1,460 | Target: Rs 1,500, Rs 1,520

3) Ultratech Cement

Buy | Stop Loss: Rs 12,250 | Target: Rs 12,455, Rs 12,560

Better GST clarity can support housing and subordinate needs

Why the buzz around GST changes: Big picture

The buzz around the simplified two-layer GST regime – a possible 18% equity to mass-market projects, which excites investors and businessmen. Singhvi’s trade idea is a way to ride a wave, especially as the demand for the festival is approaching.

If policy shifts experience, daily consumer affordability is expected to increase and potentially increase demand across sectors – that is exactly where these deals are positioned.