Sanjiv Bhasin strategy, stocks on Zee Business today: Buy Dalmia Bharat, ICICI Pru- check price targets
Sanjiv Bhasin strategy, stocks today: He said that with Dow Jones dropping 500 points, foreign investors are feeling quite left out.
Sanjiv Bhasin strategy, stocks today: IIFL Director and veteran market expert Sanjiv Bhasin on Tuesday, November 29, said that with Dow Jones dropping 500 points, foreign investors are feeling quite left out. He said that in the Indian domestic equity market, there will be stock-specific action.
In a special segment 'Bhasin k Haseen Share' aired on Zee Business channel, Bhasin said that Jindal Steel and Power and UltraTech Cement are performing well. According to Bhasin, Ashok Leyland and Tata Motors are his top two auto picks since these companies stand to gain the vehicle scrappage policy. Also, strong logistics are necessary for the growth of the steel and cement industries and these two automakers are bound to gain.
Sanjiv Bhasin Stocks on Zee Business Today, 29 November
Dalmia Bharat Future
According to Bhasin, Dalmia Bharat has a capacity of roughly 37 million. It is the biggest player in the east and one of the biggest cement makers.
Price- Rs 1790.60
Target- Rs 1880/1900
Stop Loss- Rs 1735
ICICI Pru Future
This insurance stock, according to Bhasin, is available at an attractive price.
Price- Rs 459.75
Target- Rs 475
Stop Loss- Rs 445
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