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Business / Sat, 13 Apr 2024 ET Now

'OUTPERFORM Hai...' Ace investor Sanjiv Bhasin BULLISH on THESE stocks as market falls

Indiabulls real estate share price target 2024 Sanjiv Bhasin is bullish on Real estate stock Indiabulls Real Estate and is expecting to become a multibagger by reaching around Rs 500 per equity in the near future. Indiabulls Real Estate operates in the residential and commercial projects industry and is listed in the S&P BSE SmallCap index. UPL share price target 2024 UPL, a leading player in the pesticides and agrochemicals industry. Bhasin sets the target price at Rs 570 apiece for UPL stocks with the stop loss at Rs 480 apiece. Bhasin sets the target price at Rs 46 apiece with the stop loss at Rs 34 apiece.

Authored by : ET Now Digital Updated Apr 13, 2024 | 04:17 PM IST Photo : ET Now Digital Sanjiv Bhasin top picks.

Sanjiv Bhasin Top Picks : Market maverick Sanjiv Bhasin is bullish on the following four stocks and is expected them to give good returns in the next 2-3 years. His top picks span from real estate to agrochemical to construction company.

On April 12, stock market indexes remained volatile over selling pressure. BSE Sensex fell 1.06% to close at 74,244 points. Nifty 50 also followed the trend by dropping at 1.03%, with the closure at 22,519 points.

Indiabulls real estate share price target 2024 Sanjiv Bhasin is bullish on Real estate stock Indiabulls Real Estate and is expecting to become a multibagger by reaching around Rs 500 per equity in the near future. He said the stock will reach Rs 350 within a year.

Bhasin empahsized on preferential issue of Rs 3,911 crore that the company has announced recently with the floor price at Rs 111.51 per equity share,

For trading strategy, he suggested a stop loss at Rs 123 apiece with the target price of Rs 180 apiece.

The company is Indiabulls Real Estate, which closed at Rs 136.45 on April 12, 2024, marking a 4.81% decline from its previous close of Rs 143.35. The day's trading opened at Rs 143.75, reaching a high of ₹143.75 and a low of ₹135.50, with a volume-weighted average price (VWAP) of Rs 138.81. Over the past 52 weeks, the stock has traded between a high of Rs 145.65 and a low of ₹52.70, with upper and lower price bands set at ₹163.70 and ₹109.20, respectively.

The company's market capitalization stands at Rs 7,391.16 crore based on full market capitalization. Indiabulls Real Estate operates in the residential and commercial projects industry and is listed in the S&P BSE SmallCap index.

UPL share price target 2024 UPL, a leading player in the pesticides and agrochemicals industry.

Bhasin sets the target price at Rs 570 apiece for UPL stocks with the stop loss at Rs 480 apiece.

Gail India share price target 2024 Bhasin is bullish on this PSU stock. He sets the target price of the Gail India stock at Rs 225 apiece with the stop loss at Rs 190 apiece.

GAIL (Gas Authority of India Limited) closed at ₹201.15 on April 12, 2024, showing a slight decline of 0.49% from its previous close of ₹202.15. The day's trading began at ₹204.35, reaching a high of ₹204.95 and a low of ₹199.35. The stock's 52-week range spans from a high of ₹209.90 to a low of ₹102.95, with upper and lower price bands set at ₹221.25 and ₹181.05, respectively. GAIL has a face value of ₹10.00 per share and is listed under the S&P BSE 100 index, operating in the Gas Transmission/Marketing industry.

Hindustan Construction Company share price target 2024

Hindustan Construction Company Ltd. ( HCC ) closed at ₹37.72 on April 12, 2024, showing a decrease of 1.98% from its previous close of ₹38.48. The day's trading started at ₹38.45, with a high of ₹38.73 and a low of ₹37.51. The stock's volume-weighted average price (VWAP) for the day was ₹37.99. Over the past 52 weeks, HCC has traded between a high of ₹46.00 and a low of ₹13.54, with upper and lower price bands set at ₹41.49 and ₹33.95, respectively. The company's market capitalization stands at ₹6,335.90 crore based on full market capitalization.

Bhasin sets the target price at Rs 46 apiece with the stop loss at Rs 34 apiece.

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