'Isse bada player nahi... Iss jaisi company nahi' - Ace investor Sanjiv Bhasin BULLISH on THESE 3 stocks

'isse bada player nahi... iss jaisi company nahi' - ace investor sanjiv bhasin bullish on these 3 stocks

'isse bada player nahi... iss jaisi company nahi' - ace investor sanjiv bhasin bullish on these 3 stocks

Sanjiv Bhasin Top Picks: In a recent interview with ET NOW Swadesh, Market veteran Sanjiv Bhasin gave a deep analysis of recent market events. The industry expert claims that despite the fact the world market is at record highs, FII inflows have surged dramatically and are at the highest level since 2012. During the talk show, Sanjiv Bhasin listed his top three stocks, most of which are in the specality chemical sector. He highlighted the company's solid position and future growth prospects, which make it a bullish choice in the market.

Deepak Nitrite Share Price Target

Sanjiv Bhasin recommended Deepak Nitrite, noting its important role in Phenol, Ethene, and Sodium Nitrite synthesis. He recommended a BUY at Rs 2,365 with a stop loss at the same level and a target price that indicates the company's development potential, which could easily reach 25% beyond its current position, maybe even reaching its all-time high of Rs 3,000.

Deepak Nitrite is part of the S&P BSE 200 index. As of May 16, 2024, the company's market capitalization was at Rs 33,382.88 crore. The stock has increased by roughly 768.39% in five years and 3878.46% in 10 years.

Navin Fluorine Share Price Target

Sanjiv Bhasin also advised Navin Fluorine, a major participant in the Fluoro Chemicals industry, with a stop loss of Rs 3,250 and a target price of Rs 3,850.

Navin Fluorin is a constituent of the S&P BSE 500. The company has a market capitalization of Rs 16,451.81 crore as of May 16, 2024. The stock has risen approximately 400.31 percent in five years, with an exceptional return of 4220.70 percent in 10 years.

ICICI Bank Share Price Target

Finally, he advised investors to keep a watch on ICICI Bank, which he feels has the potential to reach Rs 1,200, and to book gains at Rs 1,190 with a stop loss of Rs 1,090-1,100.

ICICI Bank is a component of the S&P BSE Sensex. The company has a market capitalization of Rs 7,95,095.72 crore as of May 16, 2024. The private lender stock has increased by 196.28 per cent in five years and 324.78 per cent in 10 years.

According to Sanjiv Bhasin, despite the volatility, the market is showing signs of a significant shift. He underlined that there may be new highs in the retail flow, which shows a strong trend ahead of the budget and elections. He thinks this optimism is being driven by strong fundamentals, encouraging macroeconomic statistics, and favourable international cues.

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