(Image: istock/ET Now News)Sanjiv Bhasin's TOP picks: Benchmark equity benchmark indices staged a smart recovery on Friday to end the session on a positive note.
During an exclusive interview with ET Now, market marvel Sanjiv Bhasin said, "We've been seeing a slide for the last week from 2,250 downwards."
TMarket marvel remains bullish on the Hindustan Unilever stock and said that it is a must-have in your portfolio.
So at this price, we would say an SIP in Hindustan Unilever offers you just a 50 rupees downside but a 400 rupees upside,” said Bhasin.
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Authored by : ET Now Digital Updated Apr 20, 2024 | 08:44 PM IST Market marvel remains bullish on the Hindustan Unilever stock and said that it is a must-have in your portfolio. (Image: istock/ET Now News)
Sanjiv Bhasin's TOP picks: Benchmark equity benchmark indices staged a smart recovery on Friday to end the session on a positive note. Both the indices Sensex and Nifty tanked around 1 percent in early trade amid broad-based selling, extending their losing streak to the fifth consecutive day, as escalating tensions in the Middle East weighed heavily on investors' sentiment. The BSE Sensex jumped 599.34 points or 0.83 per cent to settle at 73,088.33, while the NSE Nifty recovered from the day's low to close 151.15 points or 0.69 per cent higher at 22,147.
During an exclusive interview with ET Now, market marvel Sanjiv Bhasin said, "We've been seeing a slide for the last week from 2,250 downwards." Bhasin believes that rainfall is going to exceed estimates and thinks that food security and other harvests are going to be very pleasantly surprising. According to Bhasin, inflation is well-contained, and in the upcoming election, the biggest beneficiary is rural income. T
Market marvel remains bullish on the Hindustan Unilever stock and said that it is a must-have in your portfolio. “It has corrected from Rs 2700, and I think now the risk-reward is to book out of some of the heavy-performing FMCG and get into Lever. “Hindustan Unilever is going to be a classic play of a defensive stroke, you know, rural income play where I think the rising incomes and lower inflation and better monsoon are going to forecast. So at this price, we would say an SIP in Hindustan Unilever offers you just a 50 rupees downside but a 400 rupees upside,” said Bhasin.
Bhasin also remains optimistic about LTIMindtree. He said that although there is negative news flow of some resignations, I think that was already played out by insiders. “LTIMindtree, according to me, has a very good risk-reward at this Rs 4,800. We could look at upsides there,” Bhasin added.
Indiabulls Housing Finance is the third stock that the market guru has recommended investors to buy. “We've again touted that you should be booking profits in the heavy-duty names of Godrej and DLF and getting into this stock at a 6 and a half thousand market cap 4,000 CR infusion and now looking to encash visible assets which are cell phone there is no liability on that,” Bhasin said.
Bhasin believes that Indiabulls Housing Finance in real estate would be a very sweet spot. “ICICI Bank which I think will come out with the best-ever results. So these four-five stocks should give you a good portfolio pick but..don't miss the books for the trees,” Bhasin added.
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(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
