'Falling market mein Jewels...' Ace investor Sanjiv Bhasin's TOP weekly stock picks! List of 20
'falling market mein jewels...' ace investor sanjiv bhasin's top weekly stock picks! list of 20
Sanjiv Bhasin's top weekly stock picks: Market expert Sanjiv Bhasin has recommended investors to purchase PSU stocks on dips, stating that they are now looking excellent. In an interview with ET NOW Swadesh, the seasoned investor provided his thoughts on various companies' most recent earnings reports and made suggestions for buying and selling depending on their performance.
Top Stock Picks:
SW Solar: Exceeded expectations by attaining the target price of Rs 750 before Diwali, resulting in a more aggressive aim. Bhasin predicts that the share price would hit Rs 1000 by Diwali.
Vedanta: Optimism fueled by China's economic recovery, with a focus on Vedanta and its valuable metals. Bhasin has given BUY rating on this stock setting the target price of Rs 445 at stop loss of Rs 391.
NALCO: Predicted an upward trajectory for aluminum prices, backed by the company's strong fundamentals. Bhasin has given BUY rating on this stock setting the target price of Rs 195 at stop loss of Rs 172.
RattanIndia Power: Continued support for the stock. Encouraged holding the stock for a target price of Rs 18, citing the company's strong market presence.
Insights on Power Plays and Blue-Chip Investments
SKF India: Praised the company's financial performance and monopoly status, recommending buying on any price dips.
TVS Motor: Recognized the company's robust earnings and market initiatives, suggesting a buy-and-hold strategy.
Godrej Agrovet: Despite recent profit booking, advised buying on the decline due to its diversified business and rural market strength.
Piramal Enterprises: Despite a recent fall, optimistic about the long-term prospects post-DHFL merger.
Market Predictions: Metals, OMCs, and Small Finance Banks
Sanjiv Bhasin Anticipates a turnaround by Tuesday, presenting a buying opportunity in select sectors.
Coal India: Strong performance with a debt-free status, setting a mid-June target price. Bhasin has given BUY rating on the stock setting the target price at Rs 485 at stop loss of 438.
Vedanta: Potential growth due to demerger plans, advising to buy now and on declines. Bhasin has given BUY rating on the stock setting the target price at Rs 445 at stop loss of 389.
Engineers India: Recommended increasing stakes at the target price, highlighting its role in OMC expansion. Bhasin has given BUY rating on the stock setting the target price at Rs 270 at stop loss of 207.
Suryoday Small Finance Bank: Favorable view on improved asset quality and overall performance.
BPCL and OMCs: Commended their dividends and margins, suggesting buying on declines as a strategy.
Sanjiv Bhasin's Comprehensive Market Overview
Long-Term Investment Strategy:
Sanjiv Bhasin emphasizes the importance of focusing on long-term investments and identifying sectoral opportunities that promise substantial returns for well-informed investors.
Banking on Financial Sector Strength
Mid-Cap and Micro-Finance Banks:
AU Small Finance Bank: Bhasin recommends holding and buying on declines, praising its market performance and growth potential.
Footwear Sector Analysis
Performance Pressure:
Relaxo Footwear: Despite inline performance, Bhasin notes revenue and profit pressures, suggesting a strategic shift.
Bata India: Recommended as a superior investment choice due to its brand appeal and potential for long-term growth.
Snack Industry Insights
FMCG Giants:
Hindustan Unilever and ITC: Bhasin advises looking towards these blue-chip companies for consistent growth and strong market presence.
Energy Sector Outlook
Gas Companies:
Mahanagar Gas Limited (MGL): Despite recent profit booking, Bhasin sees MGL as a valuable buy on decline, with rising demand for CNG and PNG.
Company-Specific Recommendations
Well-Managed Firms:
Quess Corp and VST Tillers Tractors: Bhasin views these companies as strong market players and suggests holding and buying on any declines.
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