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: 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  

'Bhasin Ke Haseen Shares'

जानिए IIFL सिक्योरिटीज के संजीव भसीन ने आज Tata Power और Samvardhana Motherson में दी निवेश की सलाह?#SanjivBhasin ने क्यों दी सरकारी बैंक में मुनाफावसूली की राय ?@AnilSinghvi_ @sanjiv_bhasin #ZeeBusiness LIVEhttps://t.co/v9B8u33Uck pic.twitter.com/wR5JFamAW5

— Zee Business (@ZeeBusiness) December 14, 2022

Meanwhile, the stock market rose today with Bank Nifty hitting a record high, lifted by strong global cues by cooler-than-expected November inflation data in the US. Bank Nifty hit the 44,000 level for the first time as financials continued their recent outperformance.

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