Diwali cheers: Buy some Zomato, PB Fintech; Devyani International can be a dark horse, says Sanjiv Bhasin
Sanjiv Bhasin, Director, IIFL Securities, says “my bet would be PB Fintech. A disclosure, PB Fintech is a stock which we own. Paytm and Zomato are going to lead the charts. You can add a Devyani International, which we just suggested. But I would put my money on PB Fintech, at least for a 50% upside over the next one year.”
Bhasin also says “I would definitely use any decline or even Friday’s closing as a buying opportunity in State Bank. Bank Nifty is grossly overdone on the pessimism side and will be the star in the next one month.”
Looking at the global construct, it seems like we are headed for a happy Diwali?
Well, that is what I have been saying that we are headed for a sparkling Diwali. The cricketers have actually added the sparkle and now it is the turn of the stock market. If you recollect from the last six months, I have been inviting you for a meal over to my son's restaurant and I was telling you what margin Zomato is making. So at Rs 50-60, it was a no-brainer and now we are seeing the upgrades. So cheers to Zomato earnings, cheers to the Indian stock market, the Indian cricket team and I expect a sparkling Diwali to add the icing on the cake.
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Offering CollegeCourseWebsiteIIM LucknowIIML Chief Operations Officer ProgrammeVisitIIM LucknowIIML Chief Marketing Officer ProgrammeVisitIndian School of BusinessISB Chief Technology OfficerVisitWould you concur with that view on SBI as well? They reported a decent quarter. Asset quality is improving. They are talking about a 13% to 14% credit growth rate. But there seems to be some worry around the operating costs and the high employee costs. Your take?
There has been a slight dip in net interest margins
