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 Q 3 FY 23 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 Q 3 FY 23.
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.
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. advises users to consult with certified experts before making any investment decision.
By Shubham Kumar Goodreturns source: Dailyhunt