Sanjiv Bhasin, Director at IIFL Securities, recommends Tata Steel as his top stock pick for Navratri. He believes that geopolitical risks and the decline of China will lead to a settling down, benefiting commodities and metals. Bhasin predicts an 8% increase in steel prices and sees Tata Steel as a low-cost producer with a good risk-reward opportunity at Rs 120. He expects the stock to reach Rs 160-165 next year due to strong local flows in commercial real estate and construction. Bhasin also recommends Hindalco and Devyani International as potential investments.
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