Sanjiv Bhasin, the Director of IIFL Securities, is bullish about the future of Indian stocks market more so on large-caps. He sees a significant rally happening in April and throughout FY 2025 with three specific companies BEL, ONGC and HDFC. According to Bhasin, Bharat Electronics (BEL) is the standout pick for April and beyond. He asserts that BEL is likely to outperform among public sector undertakings (PSUs) due to its resilient performance during recent market corrections and its promising order book in defense contracts.
BEL: The Crown Jewel
Bhasin believes that BEL has remained steadfast even as it recently touched a high of 216 during bearish market conditions. He expects that its strong balance sheet will stun investors when it announces a target price of Rs 240 during the month of April series and Rs 350 for end year.
Also Read – 2024-2030 : Bharat Electronics Limited (BEL) Share Price Target and Long-Term Vision
ONGC: A Turnaround on the Horizon, HDFC Bank: A Long-Term Powerhouse
ONGC and HDFC Bank are other key picks for large-cap segments as highlighted by Bhasin. He believes the state-owned oil and gas giant ONGC is on the cusp of a turnaround, with its stock price poised for an upward trajectory from April onwards. Headquartered in Dehradun, Uttarakhand, ONGC is a multinational energy corporation that plays a vital role in India’s oil and gas sector.
Rounding out Bhasin’s top picks is HDFC Bank, a leading Indian private sector bank. He considers it a sound long-term investment, projecting continued growth in its stock price throughout April and FY25. HDFC Bank’s strong financial standing and established reputation make it an attractive option for investors seeking stability and growth.
These stocks should begin their climb now according to him. Reiterating his trust in BEL, Bhasin argues that PSUs will be the best performers next month especially during earnings season where he predicts BEL together with ONGC and HDFC bank will shine more prominently perhaps towards end-April.
Also Read – HDFC Bank: A Leader in Indian Banking, Empowering Your Financial Future
It is quite clear that the positive perspective of Sanjiv Bhasin on Indian stock market, especially large cap stocks like BEL, ONGC, and HDFC Bank, has been held by many. However, investing also requires a degree of responsibility in its approach; one should not rely entirely on one expert opinion but instead seek advice from different experts, conduct thorough research and have a good grasp of their financial goals.This moderate method allows you to make prudent investment decisions that suit your personal needs and risk appetite. This means you can possibly leverage the next market trends while mitigating unwanted risks. Remember this- investing is a journey that requires proper knowledge as well as discipline to succeed.
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