Sanjiv Bhasin of IIFL Securities advises caution in investing in defence and railway stocks due to unfavorable prices. He mentions selectively booking profits in PSUs like Vedanta, Nalco, and SAIL, which have performed well in the metal space. Bhasin says he would put my money on Coforge and thinks this stock can revisit those levels of 6,000 once Cigniti acquisition goes through smoothly.
Sanjiv Bhasin advises investing in undervalued FMCG stocks like Dabur, Lever, Marico, Nestle. Emphasizes that market correction is likely in the second week of May. Recommends caution, stock specificity amid positive cues, lifting of curbs, and speedy resolutions. Bhasin also says: "Coforge is a very good takeover target. I do not rule out 5,500 coming to Coforge in the next month or so."
Indiabulls Real Consolidated March 2024 Net Sales at Rs 21.02 crore, down 80.56% Y-o-Y moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
Embassy Group, led by chairman Jitendra Virwani, plans to infuse additional capital and assets into Indiabulls Real Estate Limited (IREL), of which it holds the largest stake. The merger of Embassy s residential and commercial projects with IREL, once approved by the National Company Law Appellate Tribunal, will create the country s largest real estate developer.