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Sanjiv Bhasin’s 3 top bets for this Navratri to next
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.