Engineers India may test Rs 200 in 6 months: Sanjiv Bhasin

Sanjiv Bhasin of IIFL told CNBC-TV18, "We have been overweight Engineers India. We still think Rs 200 is on the cards in the next six months. This becomes the best proxy to the outperformance of cash inflows on all the oil marketing companies (OMC). It gets a higher margin share on the engineering contracts. Apart from that, it is a very big player in the smart city contracts and most people are missing the wood for the trees which is what we thought. It is an ex-bonus stock and has given almost a 100 percent return. We still think it is good for 30 percent." "Also just to add, one of my top recommendations, Future Lifestyle Fashions from Rs 125 then Rs 150, today it hit Rs 202. It has been one of the best performing retail stocks in the near-term," he said.