Sanjiv Bhasin stocks: Buy IRCTC, HPCL, SRF shares - check price targets | IRCTC share price NSE, BSE prediction
Sanjiv Bhasin Stocks, IRCTC Share Price NSE Target 2023: One among the three stocks is Indian Railway Catering and Tourism Corporation (IRCTC). IRCTC shares are in focus as offer for sale (OFS) plan kicks off today.
Sanjiv Bhasin Stocks, IRCTC Share Price NSE Target 2023: Market expert and IIFL Securities Director Sanjiv Bhasin in a special segment aired on Zee Business today, December 15 with Managing Editor Anil Singhvi, recommended three stocks that can yield good returns. One among the three stocks is Indian Railway Catering and Tourism Corporation (IRCTC). IRCTC shares are in focus as offer for sale (OFS) plan kicks off today.
The government has announced to sell up to 5 per cent stake in IRCTC through an OFS at a floor price of Rs 680 a share. The OFS includes base issue size of 2 crore shares or 2.5 per cent stake, with an option to retain over-subscription of another 2.5 per cent, taking the total issue size to 4 crore shares or 5 per cent stake.
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IRCTC Share Price Target by Sanjiv Bhasin
IRCTC
According to Bhasin, after the offer for sale is over, domestic investors will again buy IRCTC shares. He said that as people are traveling more, domestic traffic is increasing and these all factors will benefit IRCTC.
Price- Rs 698.75
Target Price - Rs 749
Stop Loss- Rs 680
HPCL
According to Bhasin, decline in dollar index to around 103, fall in crude oil and Russian oil selling below 60 dollars will benefit petroleum refinery company HPCL.
Price- Rs 244
Target- Rs 288
Stop Loss- Rs 236
SRF
Price- Rs 2431.55
Target- Rs 2550
Stop Loss- Rs 2370
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