Buy United Spirits at around Rs 2250: Sanjiv Bhasin

Sanjiv Bhasin of IIFL told CNBC-TV18, "In United Spirits, we think there can be another open offer and there is a lot of positive on the results which the company is going to declare. We have seen margin expand and we have seen the portfolio do well. The level of Rs 2,250 – 2,300 is an excellent time to buy United Spirits. This can be a doubler from here in the next two years. So, that is our top pick in the rural consumption theme.""We continue to be bullish on the stocks which we have been and we are reiterating buy there on corrections. So, Engineers India,NBCC, Godrej Properties, Cosmo Films, Suprajit Engineering are 5 of our top picks and we continue to be extremely bullish on these stocks. We are using all declines to buy these. Overall though we are slightly more bearish on the markets than the rest of the street. We think by the end of this month you could see levels closer to 8000."United Spirits ended at Rs 2,312.90, up Rs 31.60, or 1.39 percent. It has touched an intraday high of Rs 2,329.90 and an intraday low of Rs 2,291.20.The share touched its 52-week high Rs 3,645.00 and 52-week low Rs 2,120.00 on 20 November, 2015 and 10 August, 2016, respectively.