Sanjiv Bhasin bullish on 3 new age stocks for next 3 years; backs 3 auto stocks
Sanjiv Bhasin, Director, IIFL Securities, says, “I am chasing the likes of LTIM, Reliance, Apollo Hospital and the largest banks, ICICI, Axis. Those are five of my big ideas. If you have Suzlon, stay with it, but do not chase it at these prices where the stock has already tripled.”
Bhasin also says, “this is the time to be in IEX and IRCTC, which are two brilliant blue chip businesses. Now, the businesses can underperform for some time, but the longer-term story on IEX in power and IRCTC on railways is the best you can play on the Indian PSUs.
I am curious about your take on some of these new-age tech companies. For instance, Zomato has been in the news of late. How are you looking at the efforts on the path to profitability for a lot of these companies? What would be your picks?
Zomato, Paytm and PB Fintech are three stocks which are in our portfolio.
We have been adding them in the last six months and we do not intend to do any short-term profit booking or trading in them. These are two, three, five-year ideas and I think there are miles to go before I sleep. You have seen a lot of the old hands change ownership here, which is very positive.
But just look at the businesses of all three of them – Zomato, Paytm and PB Fintech. My advice to the retail investor is do not look at the lows because you will never be able to make an entry, look at the highs and then you will think that these are still businesses which have enough potential of giving returns.
A disclosure, all these three are in our top picks. We continue to be very favourable on Paytm, PB Fintech and Zomato on declines.
