Sanjiv Bhasin stocks, strategy on Zee Business: Nifty to reclaim 18,500 next week; buy GNFC, Coromandel shares - check price targets

Stocks to buy: In a special segment aired on Zee Business, 'Bhasin ke Haseen' shares, IIFL Director and veteran market expert Sanjiv Bhasin recommended 3 stocks to the viewers for good returns in short term.

Bhasin said that Nifty50 will touch 18,500 levels by Monday or Tuesday. 

IIFL Director picked the following 3 stocks today, December 30.

'Bhasin Ke Haseen Shares'

साल 2022 के आखिरी ट्रेडिंग सेशन पर बाजार के लिए क्या आउटलुक...

IIFL सिक्योरिटीज के संजीव भसीन ने आज Coromandel International, GNFC और Adani Enterprises में क्यों दी निवेश की सलाह?@AnilSinghvi_ @sanjiv_bhasin #stocks

https://t.co/RW67lzgbCv pic.twitter.com/6DEUnKUKWD

— Zee Business (@ZeeBusiness) December 30, 2022

Coromandel Intl

Sanjiv Bhasin said that the upcoming Budget of 2023-24 will bring some relief to the fertiliser industry. He said that there could be an increase in the subsidiaries of the fertilisers. Talking about Coromandel International, he said that the company is the largest exporter and largest player in Murugappa Group.

Price- Rs 893.85

Target- Rs 950/970

Stop Loss- Rs 870

Also Read: New Year 2023: Set your financial goals for the coming year in 6 easy steps – Experts explain 
GNFC 

Bhasin said that GNFC’s acetic acid will be best product and the shares will gain.

Price- Rs 562.30

Target- Rs 585/590

Stop Loss- Rs 545 

Adani Enterprise 

Veteran market expert said that if the index has to increase, Adani Enterprise has to rise as it is a conglomerate with many commodities under its umbrella. 

Price- Rs 3850.35

Target- Rs 4000

Stop Loss- Rs 3750 

Giving an update on yesterday’s picks, Bhasin said that UltraTech Cement will outperform as cement prices will go through the roof and construction activities will be high. 

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