Buy RBL Bank, Manappuram Finance, sale Bajaj Finance: Sanjiv Bhasin
Market analyst Sanjiv Bhasin on Tuesday spoke to Zee Business and gave his two picks going forward
Stocks to buy: Market analyst Sanjiv Bhasin on Tuesday spoke to Zee Business and gave his two picks going forward. Before recommending his picks, he gave an update about his previous recommendations. He said he had vouched for Godrej property at Rs 1,000 in the morning trading session, which went on to register 5% jump to reach Rs 1055.
He said he had also recommended Adani Port one day before Diwali for Rs 367 target and it achieved Rs 377.
Find the detail analysis in the video below
जानिए संजीव भसीन ने आज किन 2 शेयरों को चुना आपके मुनाफे के लिए?@AnilSinghvi_ @IIFLMarkets @sanjiv_bhasin pic.twitter.com/iSWeCOTG9l
— Zee Business (@ZeeBusiness) November 17, 2020
Giving a channel check, he said in terms of auto sales during Diwali, state Bank has been number 1 and margin on rate of interest is less, so NBFCs are going to be losers. Also, in gold loan, only Muthoot Finance and Manappuram Finance have been able to increase their market share, he said. Bhasin said startling fact is that there is also no comfort in valuation of Bajaj Finance and recommended to sell it.
Meanwhile, he chose RBL as his first pick. Bhasin said RBL Bank could be a dark horse in personal loan and other categories and likely an out performer. He suggested to buy around Rs 209 for a target of Rs 225. He put a stoploss at Rs 205.
See Zee Business Live TV Streaming Below:
Bhasin’s second pick was Manappuram Finance. He suggested to buy the stock around Rs 161 for target of Rs 178. He suggested to maintain a stoploss of Rs 158.50 for this stock.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Mutual Fund SIP: Invest Rs 1000 per month to grow your corpus to over Rs 3.5 core at retirement, know calculations
Top 7 SWP Mutual Funds: Rs 50 lakh investment, Rs 70K monthly pension for 10 years, and Rs 42.30 lakh balance value; know more details
Gold and Silver rate today (May 13, 2024): Precious metal under pressure; yellow metal near Rs 72,400, white metal above Rs 84,600
06:17 PM IST