Overweight on Engineers India, Power Grid, NBCC: Sanjiv Bhasin

Sanjiv Bhasin of IIFL told CNBC-TV18, "Three of our stocks are hitting 52-week highs. Engineers India (EIL), a very big overweight, came out with excellent numbers and now the order flow book for the next two years looks extremely strong. Another is Power Grid and thirdly, Petronet LNG. All three mostly PSU related stocks which are doing very well and we think that could be the trend coupled with some of the PSU banks which we think to buy on correction.""A whole host of midcap stocks where again there is a lot of bang for the buck going forward. However, we continue to be very overweight on EIL, Power Grid and NBCC," he said.