Sanjiv Bhasin strategy, stocks on Zee Business today: BUY Biocon, GAIL - check price targets

Sanjiv Bhasin strategy, stocks today: IIFL Director and veteran market expert Sanjiv Bhasin on Wednesday, November 16, said that power and gas stocks are in focus and that they will do well. In a special segment aired on Zee Business with Managing Editor Anil Singhvi, Bhasin said that Bank Nifty and Sensex have already made new highs and exuded confidence that the bulls will return to the Street.

Bhasin said that technology stocks' underperformance has ended and also banking stocks are outperforming. He added that as Bharat Electronics Limited (BEL) is getting new contracts and the energy sector is looking good and the new contracts can will give a boost to power and gas stocks. 

Check Anil Singhvi's market strategy for today

Sanjiv Bhasin picked two stocks for today:

Biocon Ltd

Bhasin said that Syngenta’s positive development will reflect on Biocon. He said that with Biocon’s valuation and Syngenta being its holding company the stock is attractive.

Price- Rs 286.25 

Target- Rs 300 

Stop Loss- Rs 278 

GAIL (India) Ltd

Bhasin said that Gail’s Managing Director has said that their company’s pass-on margins will come out to be highest in this quarter. 

Price- Rs 90.25 

Target- Rs 95 

Stop Loss- Rs 87

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