Sanjiv Bhasin on 4 largecaps to buy now; 3 new age stocks that may double in a year

economictimes.indiatimes.com:

Sanjiv Bhasin, Director, IIFL Securities, says “in largecaps, this is a brilliant opportunity for Maruti, Lupin, Apollo Hospital and last but not least, Gujarat Gas. The largest city gas distribution and gas prices globally have fallen. Their margins will only rise and volumes will pick up.

At Rs 458-460, I think this stock is headed to Rs 550.”I just want to talk about where the rally is consistent and is not going to stall anytime soon, the broader end of the market. That is where the lively action is. Any stocks one could buy right now?Well, you are missing the woods for the trees.

If you think of a 300 point on the index, that is hardly a pitfall. And if it does not move 300 points, what is the use? Look at midcap pharma, look at midcap IT, they refuse to give up. GMR is at all-time highs.

So is Trent and so is IEX. If I want to say some names, it is going to be Lupin, it is going to be Maruti. Maruti will sell 35 lakh cars this year and they used to sell 17-18 lakh.

That is the order book. Third is a stock called Apollo Hospital. Tomorrow numbers are going to be out.

Going by Indraprastha Hospital or Kim's, the numbers are going to be the best in the last three quarters combined. Fourthly, look at a stock like Devyani. Replace Jubilant with Devyani.

Devyani's portfolio is doing extremely well and that one-off for Nigeria is just provisioning. And last but not least, fintechs like Paytm, Zomato and PB FinTech, may have gone from 50 to 100 but they had fallen from 150 to 100. So, if you are looking for 200 in the next two years or the next year, these are the stocks to put your money where your mouth is.