Sanjiv Bhasin, Director of IIFL Securities, recommends buying Reliance stock with a one-year perspective as it is expected to add momentum to the stock market and participate in new highs. Abu Dhabi Investment Authority (ADIA) has acquired a 0.6% stake in Reliance, valuing the company at close to Rs 10 lakh crores. Bhasin believes the fair value of Reliance is Rs 20-23 lakh crore. He also suggests investing in Paytm, Tata Steel, Hindalco, and Devyani International as part of his Navratri stock picks.
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