Sanjiv Bhasin strategy, stocks on Zee Business: Buy UltraTech Cement, HDFC, REC shares - check price targets

Sanjiv Bhasin strategy, stocks on Zee Business: Veteran market expert and IIFL Securities director Sanjiv Bhasin on Monday, January 2, predicted that the Nifty50 won't stop before 18,500 as he said that Indian markets are showing resilience. He said that there could be some volatility in the market after the Budget but the overall setup is positive. He added that there would be a good rally in the market in April and May.

Equity benchmarks -- Sensex and Nifty started the first day of trade of the New Year on a positive note. At 11 AM, the Sensex was up more than 300 points to trade above 61,100. Likewise, Nifty50 gained more than 80 points to trade near 18,200.

UltraTech Cement 

Bhasin mentioned that cement stocks would be in focus in 2023 as it would be a fantastic year for construction activities. He recommended buying shares of UltraTech Cement to Zee Business in today's special segment 'Bhasin Ke Haseen'.

UltraTech Cement Shares Buy: Rs 7,000
UltraTech Cement Share Price Target: Rs 7,500

L&T 

Buy: Rs 2,087
Target: Rs 2,350
Stop Loss: Rs 2,000

HDFC

Buy: Rs 2,645
Target: Rs 3,000 (around budget)

SRF

Buy: Rs 2,285
Target: Rs 2,650/2,700
Stop Loss: Rs 2,230

REC Limited

Buy: Rs 118
Target: Rs 139
Stop Loss: Rs 112

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Bhasin Ke Haseen Shares'

IIFL सिक्योरिटीज के संजीव भसीन ने आज Ultratech, HDFC , REC, L&T और SRF में क्यों दी निवेश की सलाह?@AnilSinghvi_ @sanjiv_bhasin #stocksMarkets

https://t.co/3FmJddu1DV pic.twitter.com/SUXJixjw5g

— Zee Business (@ZeeBusiness) January 2, 2023