Sanjiv Bhasin of IIFL told CNBC-TV18, "We have three top picks, ITC, Infosys and Dr Reddy's Laboratories on the large caps. Last week we were we were very bullish on the private power space. Though Reliance Power at Rs 40 is a steal given that it is trading at 0.5 times price to book and lowest debt to equity. The stock has moved to Rs 45, we have a one year target of Rs 65."
"NBCC is one of our top picks. In three years, from Rs 3,000 crore the market cap is Rs 15,000. If you are looking for another 2-3 year idea then NBCC will be Rs 30,000 crore market cap. So, you can see at least a doubling in the next 2-3 years. That would be another stock which I would definitely recommend to buy on declines," he added.
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