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%.
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.
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By Shubham Kumar Goodreturns source: goodreturns.in Dailyhunt