Buy Two Nifty 50 Banking Stocks Recommended By Top Brokers, Showing Upside
Potentials
Two Nifty 50 Bank Stocks get "buy" calls from the two leading brokers.These two bank stocks are ICICI Bank and Kotak Mahindra Bank.
The banks recently announced their Q3FY23 results.
The brokerage has assigned a buy on the stock with attractive valuation for high returns.
Both the banks reported all-round and strong results in Q3FY23.
Brokerage firm Nuvama has a buy on ICICI Bank.The brokerage has assigned Rs 1,135/share target price for the stock of the bank.
If you buy the stock at the current market price, it could give return up to 31%.ICICI Bank's current market price is Rs 870.35/share on NSE.
The stock's 52 week low is Rs 642.15/share, recorded on 7 March 2022 and 52 week high is Rs 958.20/share, recorded on 30 November 2022, respectively.
Kotak Mahindra Bank
ICICI Direct has a buy on the stock of Kotak Mahindra Bank (KMB) with Rs 2,175/share target price.
The brokerage claims a robust return up to 24% from its current level if it is purchased at the current market price.
The stock is currently trading at Rs 1762.90/share on NSE.
The stock recorded its 52 week high on 18 November 2022 at Rs 1,997.55/share and 52 week low on 30 June 2022 at Rs 1,631/share, respectively.
Disclaimer
The stocks have been picked from the brokerage report.
Greynium Information Technologies, the Author, and the respective Brokerage house are not liable for any losses caused as a result of decisions based on the article.
Goodreturns.in advises users to consult with certified experts before making any investment decision.
By Shubham Kumar Goodreturns
source: goodreturns.in
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