Market uncertainty soon to be behind us, Sanjiv Bhasin tells Anil Singhvi; recommends Info Edge, Ultratech Cements for robust returns
Even as the stock market slid below 17000 mark on Tuesday, market expert and IIFL Director Sanjiv Bhasin remains optimistc about the stock markets. Bhasin opines that the last straw in the uncertainty has already been pulled.
Even as the stock market slid below 17000 mark on Tuesday, market expert and IIFL Director Sanjiv Bhasin remains optimistc about the stock markets. Bhasin opines that the last straw in the uncertainty has already been pulled.
Because of the closing of the US markets, the futures market had gone down. Indian Market should reach its bottom by tomorrow, he tells Zee Business Managing Editor Anil Singhvi. He said that even though fear was weighing in, it remains the best time to buy. The market had to undergo a correction, and India is still in a very sweet spot.
Bhasin told investors to go with the volatility and stick with BHEL stocks. He recommended investors not to sell it before it reaches Rs 55, with a stop loss of Rs 48.
Here are the top 2 buy picks recommended by Bhasin:
Info Edge
Because hiring is soaring, Info Edge's subsidiary Naukri is expected to grow exponentially, and it is going to give great risk rewards, Bhasin claimed.
Price: Rs 4390
Target Price: Rs 4700
Stop Loss: Rs 4300
Ultratech Cement
This company has 115M tons of capacity, and it will gain market share. It is a Pan-India player, Bhasin claimed.
Price: Rs 6686
Target Price: Rs 7200
Stop Loss: Rs 6580
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