20K again on Nifty next week; 5 stocks we will continue to buy for next 10 days: Sanjiv Bhasin
Sanjiv Bhasin, Director, IIFL Securities, says “we have been buying Dixon, Jio Finance, SRF, HDFC Bank and SBI Cards for the last 4-5 days and we intend to buy for the next 10 days. Dixon has run up quite a bit and now when you get this news that there will be a little bit of lag before it becomes a Make in India theme and so on.”
What levels do you see on Dixon Tech in the near term?
Let me make a disclosure. In the last 4-5 days, we have had some select clients who have done a SIP in 5 stocks. Top amongst that is Dixon and they are very bullish. These are certain clients who are informed investors. Dixon, Jio Finance, SRF, HDFC Bank and SBI Cards are the 5 stocks. A disclosure, we have been buying these in the last 4-5 days and we intend to buy for the next 10 days. Notwithstanding, Dixon has run up quite a bit and now when you get this news that there will be a little bit of lag before it becomes a Make in India theme and so on.
Unlock Leadership Excellence with a Range of CXO Courses
Offering CollegeCourseWebsiteIndian School of BusinessISB Chief Technology OfficerVisitIIM LucknowIIML Chief Marketing Officer ProgrammeVisitIndian School of BusinessISB Chief Digital OfficerVisitBut this shift towards electronic manufacturing services or EMS is very much there. If you have a one-two year horizon, you cannot go wrong. The promoters are the erstwhile Western Group who have a very good background in this till the TV franchise went out of fashion. But this is a stock worth investing in.
Only thing is you will have to keep your horizon slightly longer because a large part of the rally may have already been in the price. So the price may not be in your favour, but the business is.
Where do you stand on Avenue Supermarts?
