Share Market: Sanjiv Bhasin's Top Bull Picks Amid Market Turmoil

 

Sanjiv Bhasin's Best Bets: Market expert Sanjiv Bhasin believes in these four stocks and thinks they'll do well in the next 2-3 years. His picks cover real estate, agrochemicals, and construction.

On April 12, the stock market was rocky with a lot of selling. BSE Sensex dropped by 1.06% to end at 74,244 points, while Nifty 50 fell by 1.03%, closing at 22,519 points.

Indiabulls Real Estate's Share Price Target for 2024

Sanjiv Bhasin is optimistic about the real estate company Indiabulls Real Estate, expecting it to grow significantly to about Rs 500 per share soon. He predicts it will reach Rs 350 within a year. 

Mr. Bhasin highlighted the company's recent announcement of a preferential issue worth Rs 3,911 crore, with the share price set at Rs 111.51. For a trading strategy, he recommends setting a stop loss at Rs 123 per share with a target price of Rs 180 per share.

As of April 12, 2024, Indiabulls Real Estate's share price closed at Rs 136.45, a decrease of 4.81% from the previous close of Rs 143.35. The day's trading ranged from Rs 135.50 to Rs 143.75, with an average price of Rs 138.81. Over the past 52 weeks, the stock has traded between Rs 52.70 and Rs 145.65, with upper and lower price bands at Rs 163.70 and Rs 109.20, respectively.

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

UPL's Share Price Target for 2024

UPL is a big name in the pesticides and agrochemicals field. Mr. Bhasin suggests aiming for a target price of Rs 570 per share for UPL stocks, with a stop loss set at Rs 480 per share.

GAIL India's Share Price Target for 2024

Bhasin is optimistic about this government-owned company's stock. He suggests aiming for a target price of Rs 225 per share for GAIL India, with a stop loss set at Rs 190 per share.

On April 12, 2024, GAIL (Gas Authority of India Limited) closed at ₹201.15, down by 0.49% from its previous close of ₹202.15. It opened at ₹204.35, hitting a high of ₹204.95 and a low of ₹199.35 during the day. Over the past 52 weeks, its price has ranged 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's Share Price Outlook for 2024

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

Mr. Bhasin suggests aiming for a target price of Rs 46 per share with a stop loss set at Rs 34 per share.

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