Sanjiv Bhasin recommends Ultratech Cement, Tata Consumer for robust returns for an India-Centric investment perspective
Amidst increased tension between Russia and Ukraine, IIFL securities Sanjiv Bhasin shares his market outlook.
Amidst increased tension between Russia and Ukraine, IIFL securities Sanjiv Bhasin shares his market outlook.
According to Bhasin, the market is showing resilience. However, there is a lot of uncertainty lack of communication, and in situations like this, only rumour mongers earn.
Markets are very mature and climb all these walls easily, he said. Investors should keep the India-centric model. They should focus on the realty sector and the Auto sector.
Ultratech Cement
The company has a capacity of 114 tons and looking at the spread of the realty sector in the commercial sector, Ultratech Cement has become a no brainer, Bhasin claimed.
Price: Rs 7054
Target Price: Rs 7350
Stop Loss: Rs 6925
Tata Consumer
Consumption is on the verge of increasing in India, Bhasin claimed.
Price: Rs 718
Target Price: Rs 740 - Rs 742
Stop Loss: Rs 704
Bhasin maintained his stance on Godrej Properties, DLF, and Piramal Enterprises Ltd. He said that they are the best picks and suggested investors stick with them.
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