'Ye portfolio mein hona hi chahiye...’ – Market guru Sanjiv Bhasin bullish on THESE stocks - Do you own?
'ye portfolio mein hona hi chahiye...’ – market guru sanjiv bhasin bullish on these stocks - do you own?
Sanjiv Bhasin Top Picks: Sanjiv Bhasin, a market expert, has shared his views on stocks that can accelerate post budget. Bhasin says the market is due for some profit booking and there may not be much room for further upmove of 100-200 points. He stresses on portfolio allocation and sector rotation especially after FMCG and auto have given big gains. Bhasin warns, while the market has given big rally, investors should be stock specific.
Sanjiv Bhasin Top Picks
HDFC Life: Market expert has again suggested to buy the stock of HDFC life with the target price of Rs 600 and stop loss of Rs 547.
ABSL AMC: The must have stock in portfolion, according to market veteran Sanjiv Bhasin. He said that this stock will be outperformer citing reason that it is third largest AMC which is irrevocable. The market veteran has set target price of Rs 675 with stop loss of Rs 521.
Mphasis: Market veteran Bhasin says this is a must have in the portfolio, especially at this reasonable valuations and IT momentum. The market veteran has set the target price of Rs 2,750 with stop loss of Rs 2,400.
Wipro: Stop loss Rs 426, target Rs 475.
Bajaj Finance: Buy at Rs 6,630, target Rs 7,000 and Rs 7,300.
Alcoholic Beverage Sector
Piccadily Agro, the company that makes Indri single malt, has caught Bhasin’s attention. With the stock more than doubling and still has room to grow, he says selectively Alcoholic Beverage and Carbonated stocks are doing well.
Stocks to watch for Budget 2024
As the budget approaches, investors are at a crossroads of uncertainty and opportunity. The market is seeing a sectoral rotation with IT, FMCG, Pharma and PSU sectors leading the charge. But the key to playing this is a selective approach – identifying stocks that can outperform and continuing the rotation.
UltraTech Cement Share Price target 2024
Specifically on stocks, UltraTech Cement looks good. Target is at Rs 13,500, don’t sell yet. Stocks of Aditya Birla Group like Grasim Industries, Aditya Birla Capital, Aditya Birla Fashion and Retail Ltd are buy on decline.
NBCC and HUDCO Share Price Target
Low cost housing is expected to see moderate growth. India Bulls Real Estate is one of the stocks to watch. If NBCC and HUDCO are re-rated, India Bulls Real Estate can see a target of Rs 250, current target is Rs 175 and stop loss is Rs 125.
Market expert suggested to go forward and keep an eye on government companies in defence and infrastructure space which still have valuation comfort. But be careful with PSU banks as deposits and NIMs can get squeezed.