IndiGo, UltraTech and more: Market expert Sanjiv Bhasin picks 9 Navratan stocks

On the auspicious occasion of Navratri, Zee Business panellist Sanjiv Bhasin suggested nine shares to buy for the best returns. Bhasin recommended UltraTech Cement as his first pick. He said that the company has a capacity of 114 million tons, which is much more than the combined capacity of ACC and Ambuja Cement and therefore it is one of the best picks for a good return.

"Pricing power and logistic power is the maximum in UltraTech Cement. This is the bluest of blue chip. While the company already has the capacity of 114 million, it is also talking about expansion. It is also important to note that monsoon is over and construction - both commercial and residential - has picked up. So the prices of cement will go up and UltraTech is going to be the biggest beneficiary," Bhasin said.

UltraTech Share Price Target - Rs 7,500 

Bhasin emphasized that he won't be surprised to see the price of UltraTech shares hitting the level of Rs 8,500 by next Diwali. 

The second Navratan SIP by Sanjiv Bhasin is Indigo or Interglobe Aviation Ltd. 

"Aviation sector is booming and this is one of the best sectors to make money. The first airline to invest in India is Indigo," said Bhasin.

Interglobe Aviation Share Price Target - Rs 2,500

According to Zee Business Managing Editor Sanjiv Bhasin, no new player is going to make an entry in this sector and therefore existing players have a very good scope of growth.

The third Navratan SIP by Bhasin is Can Fin Homes. Bhasin feels that this is the right time to buy this share. 

Can Fin Homes Ltd Share Price Target - Rs 750 

Bhasin's fourth pick is DLF. He said that this stock will go to new high this year it self. 

DLF Ltd Share Price Target - Rs 750 

Bhasin's fifth pick is Jubilant Ingrevia. According to the Zee Business expert, this stock can be a multi-bagger in the making.

Jubilant Ingrevia Share Price Target - Rs 750 

The sixth Navratan SIP by Sanjiv Bhasin is Tata Motors. Bhasin said that he is expecting 50% upside from the current price. "There passenger vehicle sales are one of the highest ever and they are going to be number one company in the commercial vehicle sector," he added.

Tata Motors Share Price Target - Rs 575

The sixth Navratan SIP by Sanjiv Bhasin is Godrej Consumers. Bhasin said that the company is registering double digit growth and can be a best pick for investors.

Godrej Consumers Share Price Target - Rs 1,250

The eight Navratan SIP by Sanjiv Bhasin is Larsen & Toubro Limited. 

Larsen & Toubro Limited Share Price Target - Rs 2,500

The ninth and last pick by Sanjiv Bhasin is IRB Infrastructure Developers Ltd. 

RB Infra Share Price Target: Rs 350