Key Points
Sanjiv Bhasin, Director, IIFL Securities, says The fall in crude price and the rupee strength bode well for margins..
As for SBI Card, credit expansion in the card business is seeing extraordinary growth..
So, IOC, BPCL and SBI Card are my three picks for the next week, 10 days and for the next one month..
So, fingers crossed, these stocks may hit new highs very soon and that means it will cross that 140 which it hit after the listing of the IPO and the numbers speak for themselves as you start to see profitability over a period of time...
The company which invested over Rs 15,000 crore in the last 10 years has now said that in the next two years, they will do 5,000 crore, which means their outlook on India is very bullish and given the spate of businesses which they are in and the new launches, particularly the cereal for the newly borns and so on..
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