[ad_1]
On the auspicious occasion of Navratri, Zee Business panellist Sanjiv Bhasin suggested nine shares to buy for the best returns. Bhasin recommended UltraTech Cement as his first pick. He said that the company has a capacity of 114 million tons, which is much more than the combined capacity of ACC and Ambuja Cement and therefore it is one of the best picks for a good return.
“Pricing power and logistic power is the maximum in UltraTech Cement. This is the bluest of blue chip. While the company already has the capacity of 114 million, it is also talking about expansion. It is also important to note that monsoon is over and construction – both commercial and residential – has picked up. So the prices of cement will go up and UltraTech is going to be the biggest beneficiary,” Bhasin said.
UltraTech Share Price Target – Rs 7,500
Bhasin emphasized that he won’t be surprised to see the price of UltraTech shares hitting the level of Rs 8,500 by next Diwali.
The second Navratan SIP by Sanjiv Bhasin is Indigo or Interglobe Aviation Ltd.
“Aviation sector is booming and this is one of the best sectors to make money. The first airline to invest in India is Indigo,” said Bhasin.
Interglobe Aviation Share Price Target – Rs 2,500
According to Zee Business Managing Editor Sanjiv Bhasin, no new player is going to make an entry in this sector and therefore existing players have a very good scope of growth.
[ad_2]
Source link
