Sanjiv Bhasin strategy, stocks on Zee Business today: Buy Tata Power, Samvardhana Motherson; book profit in PSU banks - check price targets
Sanjiv Bhasin strategy, stocks today: He suggested booking profits in PSU bank stocks.
Sanjiv Bhasin strategy, stocks today: IIFL Securities director and veteran market expert Sanjiv Bhasin in a special segment 'Bhasin Ke Haseen Share' aired on Zee Business channel recommended a Tata Group stock to the viewers for bumper returns in short term.
He also suggested booking profits in PSU bank stocks.
Sanjiv Bhasin Stocks on Zee Business Wednesday, 14 December
Tata Power
Bhasin predicted that the company will profit from the Indian Navy's decision to establish a third airbase in the faraway Andaman and Nicobar islands. Notably, the stock has a potential upside of approximately 50 per cent. He suggested to hold the stock till Union Budget.
Buy Price- Rs 221.80
Target Price- Rs 325
Samvardhana Motherson International Limited
It is an Indian manufacturer of wiring harnesses, plastic components and rearview mirrors for passenger cars. Bhasin said that the Euro hit parity with the US dollar will get more orders from Europe for the company.
Buy Price- Rs 72.20
Target Price- Rs 100
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