Sanjiv Bhasin strategy, stocks on Zee Business today: Buy Maruti, Petronet LNG - check price targets

Sanjiv Bhasin strategy, stocks today: IIFL Securities director and veteran market expert Sanjiv Bhasin on Friday, December 2, hailed the government's decision to slash the windfall profit tax on domestically produced crude oil. He said that the decision will benefit companies like Oil and Natural Gas Corporation (ONGC). Bhasin had earlier recommended ONGC to Zee Business viewers.

In a special segment 'Bhasin Ke Haseen Share' aired on Zee Business, Sanjiv Bhasin recommended two stocks for bumper returns in short term.

Maruti Future

Due to a decline in the price of crude oil, Bhasin anticipated that diesel and petrol rates could be slashed on Monday by at least Rs 5, which will benefit the company.

Buy Price- Rs 8921.60

Price Target- Rs 9100

Stop Loss- Rs 8600

Petronet LNG Future

According to the market analyst, the company has benefited the most from the LNG and windfall tax regimes. Gas Authority of India Limited (GAIL), ONGC, and Indian Oil Corporation Ltd are the companies that floated the company.

Buy Price- Rs 212.90

Price Target- Rs 218/220

Stop Loss- Rs 207