Sanjiv Bhasin Stocks, Recommendations: IIFL Securities director Sanjiv Bhasin on Tuesday said that it is the time to buy banks as the credit growth is strong. "I am sure that the US will lead the market. Our pessimism due to Adani-Hindenburg issue is declining. Nifty will definitely touch 18,200," Bhasin said in a special segment 'Bhasin Ke Haseen Share' aired on Zee Business today.

Sanjiv Bhasin Stocks to Buy today, February 14, on Zee Business

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REC Fut

The market veteran said that the REC is a no-brainer and even after giving Dividends it is still looking very attractive. REC Limited, formerly Rural Electrification Corporation Limited, is a subsidiary of Power Finance Corporation Limited which in turn is under the ownership of the Ministry of Power. It finances and promotes power projects across India.  
 
Price: Rs 111.05
Target: Rs 120
Stop Loss: Rs 108.5
 

Bank of Baroda Fut
 
Bhasin said the BoB has been included in MSCI index. There will be an inflow of $150 million and the scrip is likely to reach up to Rs 180. Bank of Baroda is a public sector bank headquartered in Vadodara, Gujarat. It is the second largest public sector bank in India after State Bank of India, with 132 million customers and a total business of US$218 billion. It has more than 100 overseas offices.
 
Price: Rs 164.35
Target: Rs 164
Stop Loss: Rs 150

Reliance Industries Ltd
 
The market expert believes that the Reliance will lead the market. Reliance Industries Limited is an Indian multinational conglomerate company, headquartered in Mumbai. It has diverse businesses including energy, petrochemicals, natural gas, retail, telecommunications, mass media, and textiles.
 
He recommended buying shares of Reliance with a stop loss of Rs 2280. 

 

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No significant impact on market warranting review of regulatory frameworks, SEBI to SC