In a chat with Zee Business Managing Editor Anil Singhvi, IIFL Director Sanjeev Bhasin advised investors to put their money in these 3 Blue Chip Stocks.
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Sanjeev Bhasin says that the strength in Global Markets is not going to fade away easily. PSU companies which were underperforming have started to participate in the rally. Mid cap companies are moving strongly due to the strong market momentum, however, corrections will he sharper in these markets, so investors and traders should remain cautious. Consumer, Consumption and Auto themes will see good moves in the markets.
Sanjeev Bhasin said that he had picked 3 Blue Chip stocks which he thinks will outperform going forward. L&T was Bhasin’s first pick; this stock is the leader in Infra and Engineering Space, he recommended buying at current market price with stop loss of Rs 1030 and target of Rs 1100. He said Larsen is looking extremely attractive to him at current levels.
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Next pick was the biggest Pharma Company in India, Sun Pharma. Bhasin said he is expecting some strong news in Sun Pharma sector next week and investors should buy at current market price with stop loss of Rs 496 and target of Rs 550.
Lastly, he picked Godrej Properties, Bhasin believes the stock can give 50% returns up to next Diwali. Bhasin said Godrej Properties has been his all-time favorite pick. He said investors should buy at current market price with stop loss of Rs 975 and target of Rs 1050.
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