Sanjiv Bhasin, Director, IIFL Securities, says one should not ever underestimate the bull momentum in Indian markets. Indigo, Ashok Leyland, Dhanlaxmi Bank and Nalco should be outperformers.
Bhasin says he still thinks that at 2.5-2.8 times, HDFC Bank will be a good play. He is more bullish on Jio Finance on a longer term and would give Bajaj Finance a miss.
Cannot take your eyes off from Reliance what a massive 150 point contribution to the index alone yesterday. What is charging up Reliance?
Sanjiv Bhasin: You have to have conviction. Do not ever underestimate the bull momentum in Indian markets. Yesterday, Dow Futures were lower when we closed, but seeing the Indian momentum, they closed at all-time highs. So we are, for once, the trend changer or the trend leader. And yes, Reliance did take my breath away. I have been positive that Rs 20 lakh crore market cap will come. Sum of…
