Great opportunity to bet on stocks of public sector banks, brokerage houses advising to buy shares of these banks including SBI, BoB
reserve Bank of India The effect of the strictness taken by the government has been seen on the health of public sector banks. The financial position of public sector banks has strengthened. Due to this, the results of most of the public sector banks have been excellent in the second quarter. Due to better results, the shares have seen a rise. Shares of many banks have climbed up to 30 per cent in the last one month. However, this boom is not going to stop there. Market experts say that the shares of public sector banks will continue to rise in the coming days. Many bank shares will reach new record highs. Today we are giving you the details of some banking stocks recommended by the brokerage house which can earn you good money. Along with this, some other companies are giving shares, which have given strong results. However, do not make hasty decisions before investing in any stock. Do your research thoroughly and take help of experts. Even after that make the investment decision.
| Bank | Today’s Price (in Rs.) | Target Price (in Rs.) |
| SBI | 616.05 | 715 |
| Bank of Baroda | 160.65 | 175 |
| Indian Bank | 262.45 | 310 |
| City Union Bank | 195.80 | 228 |
Recomendation: Emkay Global Financial Services
| company | Today’s Price (in Rs.) | Target Price (in Rs.) |
| Hero MotoCorp | 2,642.85 | 3,200 |
| ABFRL IN | 311.50 | 390 |
| Blue Star | 1,204.90 | 1,400 |
| TVS Motor | 1,152.60 | 1,300
|
| GAIL | 89.55 | 110 |
| marico | 501.80 | 575 |
Recomendation: JM Financial Institutional Securities Limited
Investing in a company with strong fundamentals is always beneficial
Anuj Gupta, Vice President, IIFL Securities told India TV that bank stocks with strong fundamentals always benefit investors. If the stock of a bank reaches near 52 week high, it is a sign that the company is doing well. Investors have faith in the business model of that company. There are many stocks which are showing bullish momentum in this falling market. In such a situation, investors can invest by researching about those companies. However, take any decision with full understanding and only after consulting experts.
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