Stocks To Buy With Anil Singhvi: SBI share is Sanjiv Bhasin's top bet; know why it will be a money-spinner

Top Stocks to Buy: SBI - In a chat with Zee Business Managing Editor Anil Singhvi during the popular TV Show ‘Bhasin Ke Hasin Share’ today, analyst Sanjiv Bhasin named a bank as a stock to buy which has been underperforming for a long time. Taking a contrarian view, Bhasin said that this stock should have been an outperformer, instead. 

This bank is a Public Sector bank and a heavyweight in the PSU Bank stocks. The IIFL Director gave only one call in this recommendation and it was a Buy call.  

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संंजीव भसीन से जानिए बाजार का आउटलुक और दमदार रिटर्न के लिए उनके बेहतरीन शेयर@AnilSinghvi_ @IIFLMarkets @sanjiv_bhasin pic.twitter.com/DV8UbbY9XG

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 Bhasin said that his buy call would be on India’s largest public state lender State Bank of India. This stock is currently trading around Rs 194. He puts the stop loss at Rs 189 and the target price Rs 225.  

He said that if Nifty has to achieve 11,700 next week, then this stock will definitely play a part. He said that for broader market to reach those levels, SBI ought to achieve the target of Rs 215. 

He said that this stock is also the best play for delivery. He said that it is the best bank to buy at this price. He said that he was “very, very bullish” on this stock for a slightly bigger term. 

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SBI stock is still trading at a much-discounted price from its previous high of Rs 351, which is also its 52-week high.