Expert Sanjiv Bhasin bullish on cement, property stocks; recommends Godrej Properties, Ultra Tech to Anil Singhvi for gains
The stock markets will have its shares of highs and lows because of reasons including crude oil prices but all these have priced in, market expert and IIFL Securities Director Sanjiv Bhasin.
The stock markets will have its shares of highs and lows because of reasons including crude oil prices but all these have priced in, market expert and IIFL Securities Director Sanjiv Bhasin tells Zee Business Managing Editor Anil Singhvi.
He said that he was positive as far as the Indian markets were concerned. He mentioned that there was record GST collections in February.
Talking about the updates of the market Bhasin said Bharat Electronics Limited (BEL), which was proposed at Rs 197, is now at Rs 214; Bharat Heavy Electricals Limited (BHEL), which was indicated at Rs 47 - Rs 48, is now at Rs 51; Hindustan Aeronautics Limited (HAL) is at Rs 1415 which was suggested at Rs 1305.
He was bullish on cement and property stocks. He also picked two stocks for investors that will give high returns in TV show ‘Bhasin Ke Hasin Share'.
Bhasin recommended two buy calls that will be beneficial for investors.
Godrej Properties
Bhasin recommended Godrej Properties stock. He said FSI Mumbai has increased the price of slum area property by 4 times. So, now Godrej Properties is a no-brainer and the best play on the properties side after correction.
Buy: Rs 1500
Target: Rs 1575 - Rs 1600
Stop Loss: Rs 1465
Ultra Tech
Bhasin re-traded that cement prices will increase today and recommended Ultra Tech stock. He said Ultra-Tech has everything under its control.
Buy: Rs 6440
Target Price: Rs 6750 - Rs 6800
Stop Loss: Rs 6300
For More Details Watch Full Video Here:
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.