Sanjiv Bhasin strategy, stocks today: Buy GMR Airports, ICICI Bank, PFC shares - check price targets

Sanjiv Bhasin strategy, stocks today January 17: IIFL Securities director Sanjiv Bhasin on Tuesday, January 17, advised the retail investors to buy quality stocks ahead of the Budget. "The global growth is back and the recession fears have subsided. Europe has bounced back and Asia is looking fine so this is the good time to earn. The market is also bound to touch 18,500 before the budget," he said.

Bhasin said that the stocks of IT and FMCG are outperforming. "There is a little weakness in the stocks of banks but this is a good opportunity to buy," the market expert added.
  
In a special segment 'Bhasin Ke Haseen Share' aired on Zee Business Bhasin said, "The Budget will give enough sops for retail lending. In the small ticket loans category, both Bajaj Finserv and Bajaj Finance are finding avenues."

Sanjiv Bhasin Stocks to Buy today, January 17, on Zee Business

Power Finance Corporation Limited (PFC) 

The veteran market expert said "PFC is a huge outperformer and Internal rate of return (IRR) will be higher." PFC is an Indian central public sector undertaking under the ownership of the Ministry of Power, Government of India. Established in 1986, it is the financial backbone of Indian power sector. PFC's net worth as on 30 September 2018 is INR 383 billion.

Price: Rs 150.20
Target: Rs 158/159
Stop Loss: Rs 147

GMR Airports Infrastructure Ltd (GMRINFRA)

Bhasin noted that the traffic at GMR is probably four times higher than the Dubai. "Additionally it's aerocity is doing extremely robust business," he stressed. GMR Group is an Indian multinational conglomerate headquartered in New Delhi. The group was founded in 1978 by Grandhi Mallikarjuna Rao and comprises several companies including GMR Infrastructure, GMR Energy, GMR Airports, GMR Enterprises.

Price: Rs 40.35
Target: Rs 43.50
Stop Loss: Rs 38.75

ICICI Bank (ICICIBANK)

ICICI Bank is the country's second largest private sector lender. Bhasin said, "It came out with the stellar numbers."

Price: Rs 865.05
Target: Rs 890
Stop Loss: Rs 848

'Bhasin Ke Haseen Shares'

जानिए IIFL सिक्योरिटीज के संजीव भसीन ने आज PFC, ICICI Bank, और GMR Airport में दी निवेश की सलाह?@AnilSinghvi_ | @sanjiv_bhasin | @iiflsecurities

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— Zee Business (@ZeeBusiness) January 17, 2023

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