Sanjiv Bhasin, Director, IIFL Securities, says “there was the milestone of 20,000 and that has been breached. Now it is going to be stock and sector specific but ownership of stocks is what makes wealth and that is why one has to just stay put. So, yes, four-five names are there which can still outperform and help us enjoy the party.”
You had told us just a few days ago that Nifty@20,000 is likely to happen in September and here it is.
Yes, good you remembered. I told you it will come in the next week itself and it has come faster than I thought. It tells you that the feeling of missing out (FOMO) is humongous and after the huge rally we have had in power/defence/PSUs, it is the turn of the index heavyweights and this is just starting.
There will be a little bit of volatility because inflation numbers in the US are X, Y, Z but India purely is an outperformer and now the benchmark is set. If there was one milestone of 20,000, you have done that, now it is going to be stock, sector specific but ownership of stocks is again what makes wealth and that is why you have to just stay put. So, yes, four-five names I can quickly give which can still outperform and we will enjoy the party.
Please go ahead and give us those four-five names that you think that one can still buy and make money on.
One is Apollo Hospital. Look at the average revenue per operating bed. They have guided on a 15% growth. So, share price at Rs 5100 is a known barrier. This is going to 6,000.
Reliance itself now