Sanjiv Bhasin top picks for 2024: Ashok Leyland and Tata Steel – check shares price targets (Pic: iStock/ET NOW News)
Bhasin, who is also the director of IIFL Securities, has recommended two stocks to the viewers that hold potential to deliver bumper returns in 2024 and 2025. The two stocks are : Ashok Leyland and Tata Steel.
Ashok Leyland Share Price Target 2024, 2025
The market expert said that Ashok Leyland is his another top picks. The company is doing very good in the commercial segment and its margin will soon touch the double-digit figure.
Ashok Leyland has a dominance in the bus market, he said, adding that the company’s pickup Dost is also gaining market share.
Bhasin has set a short term price target of Rs 200 for Ashok Leyland shares. For long term (2015), he said that the target target comes out to be Rs 250. The stop loss should be placed at Rs 161.
Ashok Leyland is a constituent of S&P BSE 100 index. The company is mainly engaged in the commercial vehicles industry.
Tata Steel shares have climbed 20 per cent in 2023 so far, as per BSE analytics as on December 25.
Tata Steel Share Price Target 2024, 2025
The another stock recommended by Bhasin is Tata Steel. He said that any further plunge in dollar index will benefit the company. The day dollar index cracks below 100, emerging markets will see huge amount of inflows.
Tata Steel is the best stock to buy on the metal side. He has set a short-term price target of Rs 150. For the long-term, the target is Rs 175.
Tata Steel is a constituent of S&P BSE SENSEX. It is mainly engaged in the iron and steel industry.
Tata Steel shares have climbed 12 per cent in 2023 so far, as per BSE analytics as on December 25. The counter has delivered a multibagger return of 122 per cent in the last three years.