SMC Global has given two investment ideas to investors, may earn 20 percent

Investment Ideas: On this Diwali, SMC Global Securities has given two investment ideas to investors, in which investors can earn more than 20 percent by investing. SMC Global Securities has suggested investment in CSB Bank Limited and Voltamp Transformers Limited.

CBS Bank Limited

SMC Global Securities has recommended investment in CSB Bank Limited. CSB Bank Limited is currently trading at Rs 307 per share. SMC Global Securities has a buy call from investors with a target price of Rs 373. Which is 21 percent more than the current level. According to SMAC Global, this target can be achieved within 8 to 10 months. CSB Bank Limited is mainly present in Kerala, Tamil Nadu, Maharashtra, Karnataka and Andhra Pradesh. The bank has a total of 17 lakh customers. And the focus of the bank is on Retail, SME and NRI customers. The bank has a total of 517 branches and 335 ATMs spread over it. The focus of the bank is very much on giving gold loan.

Voltamp Transformers Limited

SMC Global Securities has also suggested investors to invest in Voltamp Transformers Limited. At present Voltamp Transformers Limited is trading at Rs 1445 per share. SMC Global Securities has given a target price of Rs 1740 for Voltamp Transformers Limited in 8 to 10 months, which is 20 percent more than the current share price. Voltamp Transformers Limited is one of the major players in the power business. The company is one of the leading manufacturers in the field of Oil Filled Power and Distribution Transformers. In the budget presented in the current year, Rs 3.06 lakh crore was allocated for power distribution, which has been very beneficial for the company.

Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. Anyone from ABPLive.com Also investing money is never advised here.)

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