2 Stocks From Financial Sector To Buy For Up To 46% Return As Suggested By
Top Brokerage Houses
SBI Ltd Life Insurance Ltd.(SBILIFE) SBI Life Insurance.
SBI Life is a market capitalisation of Rs 1,27,430 crore.According to the brokerage firm, SBILIFE's adj.
VNB came in 3% below the estimate at INR14.5bn (+19% YoY), as VNB margin moderated 483bps QoQ to 26.6% on the back of a higher share of ULIPs in the mix (65%).
Fusion Micro Finance Ltd.
ICICI Securities has placed "Buy" on the stock of Fusion Micro Finance with a target price of Rs 600 apiece.
The brokerage with the given target price is likely to fetch return up to 46% if purchased at the current market price.
The shares last traded at Rs 412.80 apiece on NSE, up 1.11% from its previous close of Rs 408.30 apiece.
The stock was listed last year on 15 November 2022.Since its listing, the stock has given 27.09%.
Disclaimer
The stocks have been picked from the brokerage reports.
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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