Stocks to Buy: Sanjiv Bhasin recommends Aarti Industries, Bank of Baroda, Tata Steel; Know the details

Market analyst, Sanjiv Bhasin from IIFL Securities recommended Aarti Industries, Bank of Baroda, Tata Steel in today's edition of 'Bhasin ke Haseen Share' while speaking with Zee Business Managing Editor Anil Singhvi.

Aarti Industries will be the biggest beneficiary. The company marks the maximum Benzene Production, Bhasin said. Pic:https://twitter.com/ZeeBusiness

Market analyst, Sanjiv Bhasin from IIFL Securities recommended Aarti Industries, Bank of Baroda, Tata Steel in today's edition of 'Bhasin ke Haseen Share' while speaking with Zee Business Managing Editor Anil Singhvi.

A correction of 8-9 per cent in Reliance Industries shares is likely to aid mid cap stocks and mid-cap IT company stocks and banks, Bhasin said. He said that the due to the correction a missing balance in the market has been found as the RIL stock was on the one side while the remaining market on the other side.

On Friday, buying was seen by the Foreign Institutional Investors (FIIs) and the reasons was that the bond yields in the US are below 3 per cent. He said that 75 basis points is already priced in. All equities are at best assets class. Indian equities will outperform. HDFC life, Ultra- Tech Cement, AMC, Godrej Property all have hit the target.", he added.

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Sanjiv Bhasin recommended Aarti Industries Limited, Indian manufacturer of specialty chemicals and pharmaceuticals with a global footprint.

He said, "Aarti Industries will be the biggest beneficiary. The company marks the maximum Benzene Production. Also, it is one of the largest API players. Since Benzene prices are linked with HydroCarbon, if commodities get the sell off, the margin will have to increase."

The stock was trading at 70.65 at the time of recommendation.

He suggested buying the share at 695- 696, with the stop loss of 682, target of 725.

The second stock he recommended was Bank of Baroda. Bank of Baroda is an Indian nationalized banking and financial services company headquartered in Vadodara.

The stock was trading at 97.15 at the time of recommendation.

He suggested buying the share at 96, with the stop loss of 93, target of 104.

Furthermore, Tata Steel Limited was the third stock Bhasin recommended today. Tata Steel is an Indian multinational steel-making company.

He said, if Steel prices start to give volumes, Tata Steel will be the biggest beneficiary and has the core of doing extremely well.

He suggested buying the share at 865, with a stop loss of 851, target of 910-915.

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