Key Points
Sanjiv Bhasin, Director, IIFL Securities, says we have been buying Dixon, Jio Finance, SRF, HDFC Bank and SBI Cards for the last 4-5 days and we intend to buy for the next 10 days..
Distilled exports from Russia have almost stopped which means distillate OTC chemicals will see a very big gain for Reliance in the coming few quarters...
At this price, Reliance fits the bill perfectly for buying a retail-cum-OTC business with Jio again..
I would be more bullish on Trent than Reliance, DMart may be a very good business and market share but the stock has underperformed for some time..
Ambuja and ACC fit the bill perfectly with 58 million tonnes of capacity and Adani is looking to invest more in the next three-five years and cement makers will be laughing their way to the bank, given that construction activity whether roads, ports or houses is at its highest...
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