Stock picks of Saniv Bhasin of IIFL

Here we discuss about stocks and we should buy them or not.
Post Reply
User avatar
Ravi
Posts: 71
Joined: Tue Dec 27, 2016 3:49 pm
Location: Mumbai

Stock picks of Saniv Bhasin of IIFL

Post by Ravi »

Sanjiv Bhasin, India Infoline has recommended two stocks which are good buy now.

Buy Gujarat Pipavav

We will give you two fundamental calls along with one trading pick. We think Gujarat Pipavav is our top pick at around Rs 150-155. It is one of the largest players on the container terminals, 43% stake is held by APM terminals which is globally one of the largest players and we think the Baltic Freight Index has started to move up sharply so container freight, trade terminals are going to be very very bullish in the next one to two years.

Domestically also, there has been a lot of emphasis on inland waterways and we think this stock is poised to give a very good upside so we have a target of Rs 250 in the next one year on Gujarat Pipavav.

Buy Godrej Properties

Our other pick would be Godrej Properties, a company that came out with stellar numbers. It is expanding its presence pan India and in the unique model of buy on lease and execute. We think this is the best proxy play on the back of the fact that interest rates are low and real estate is revving up in the second half. Even the results of the company were excellent. We have a target of Rs 450 with a one year perspective. Two cement stocks which we have been very bullish on -- JK Lakshmi and UltraTech have made recent highs, and we reiterate buy on decline. We think UltraTech could cross Rs 4100 and JK Lakshmi is headed towards Rs 450.
Never give up your dreams
Post Reply