Sanjay Bhasin, director of IIFL Securities, has suggested focusing more on cement companies. PEt coke, an essential material for cement production, has dropped by 20% in the market.
Companies like Ambuja, Adani, etc., could benefit from it. Bhasin believes t
hat individual stocks still have some potential to go up, but the market will need time to stabilize and make an upward rally.
He also said individual stocks will provide good opportunities, but investing in a broader stock market index will outrun it in the long run.
Bhasin said while big companies like Reliance or SBI are driving up the stock market, unexpected companies like Tata Chemicals, whose price went up by 35% in 4 days, are also doing well, and there’s still a lot of opportunity in the stock market, especially now in larger cement companies. He explains that some companies may consolidate after a strong run, and companies like HDFC Bank can also continue to perform well with lower interest rates and falling inflation.
Sanjay Bhasin On Real Estate Market
When Sanjay Bhasin was asked about DB Realty, he said he would prefer Indiabulls over DB Realty if he wanted to invest in Mumbai’s real estate market. When asked why, he said it was because of an upcoming event, a meeting where the NCLT (National Company Law Tribunal) will discuss and possibly approve the demerger.
The event is expected to take place on the 16th or 24th. Indiabulls Real Estate has valuable properties, and its partnership with the Embassy Group will further boost its performance. He sees more potential in Indiabulls than in DB Realty.
Sanjay Bhasin On ONGC
Sanjay Bhasin sticks to his recommendations about ONGC (Oil and Natural Gas Corporation) and IOC (Indian Oil Corporation). He also mentioned profit-booking for some city gas distribution companies.
The government may be raising awareness about EVs and promoting them, but CNG (compressed natural gas) is going nowhere, especially in places like Delhi and eastern Uttar Pradesh. For this, he likes a company called IGL (Indraprastha Gas Limited), which is a supplier in these areas. He suggests buying IGL and IOC when there is a dip.
He also said things about the rural market’s spending power. He said the government’s initiative to reduce the price of LPG would increase their spreading power, so companies like Bata and Patanjali can benefit from this. These companies produce staple goods that are consumed mainly in these areas.
Sanjay Bhasin On Zomato
Sanjay Bhasin was also asked about Zomato. When asked, he said that Zomato’s price is up by 4x in 1 and a half years, and when compared to its competitors like Swiggy, they still have some room to grow. He said if Zomato wants to continue to rise in the market, it will require a change in earnings.
Disclaimer: The views and recommendations made above are those of individual analysts or brokerage companies and not of TheStockMarketLive. We advise investors to check with certified experts before making any investment decisions.TheStockMarketLive. We advise investors to check with certified experts before making any investment decisions.
