Best Blue Chip Stocks To Buy By Sanjiv Bhasin

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Pee Vee
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Best Blue Chip Stocks To Buy By Sanjiv Bhasin

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Sanjiv Bhasin has recommended that the following stocks be bought now for gains in the next 6 – 12 months.

Five large-cap stocks to buy

There are select pharma largecaps -- Dr Reddy’s, Lupin, Sun Pharma. TCS in the IT space and Coal India, we are extremely bullish on these five largecaps over the next six to nine months and twelve months because at 9300 you want to give longer term ideas.

Three mid-cap stocks to buy

In the midcaps, we have three big names – Reliance Power which is our dark horse which can be re-rated we think that stock the results were far ahead of the market is making and that should be a big beneficiary of the power, 73% prime load factor and so on.

The other would be Gujarat Pipavav. The stock has done nothing. It is at Rs 160. Compared to the valuation you give Adani Port, the fair value is closer to Rs 225, 43% is owned by APM and there was some rumours of them exiting which the company has denied. We think the global freight, Baltic Freight Index and the global trade is looking robust so that should be an added beneficiary.

And third would be Dish TV which has borne the brunt because of the Reliance Jio effect. I think that is misplaced their ad revenues, their subscription base, all are showing a healthy growth and we think that could be an outperformer going forward. Also three names on which we have been regularly very, very bullish are NBCC, EIL and Godrej Property, buy on decline for a 20% upside by the end of the year.

Sell Eicher Motors and buy Bajaj Auto

We have a sell on Eicher and a buy on Bajaj Auto. Bajaj Auto is definitely going to eat into Eicher which seems fully priced closing above Rs 26,000. We have asked clients to replace that with Bajaj Auto where we see a 20% upside.

Buy Equitas Holdings

Coming to the microfinance stocks Equitas, we think the worst of the numbers will get priced in today. We have a buy on this and a longer term rating of Rs 200. Pedigree management, small-midcap banking licence and most of the weakness as far as the last quarter delinquencies already played out. We think asset quality could only improve and we think given the professional management, this would be one of the better-better stocks which we have in the microfinance which can actually be an outperformer in the next two years.

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