Stocks To Buy: ICICI Direct Suggests 2 PSU Banks, NBFC Stock After Robust
Q3 Results
ICICI Direct has recommended investors to buy 2 bank stocks and 1 NBFC stock that are expected to soar soon after they delivered robust Q3 performance.
These stocks are Bank of Baroda, State Bank of India, and Housing Development These Finance Corporation are Ltd. stocks Bank of Baroda.
The last trading price of the stock is Rs 163.65 apiece with an intraday rally of 6.20%.
ICICI Direct has given buy rating to BoB with a target price of Rs 200 apiece.
If you buy Bank of Baroda shares now, you can expect to receive a return of 23% soon.It has a market capitalisation of Rs 84,629.34 crore.
2.Buy State Bank of India
ICICI Direct has assigned buy call to SBI bank with a target price of Rs 700 apiece.
Last trading price of the bank is Rs 544.45 apiece with an intraday gain of 3.12%.
If you buy State Bank of India now, you can expect an upside potential of 29%.It has a market capitalisation of Rs 4,85,900.49 crore.
The bank stock declined 6% in last 1-year and rallied 82% in last 3-years.
3.Buy Housing Development Finance Corporation Ltd
ICICI Direct has assigned buy call to leading NBFC stock, HDFC Ltd with a target price of Rs 3150 apiece with an intraday gain of 3.15%.
If you buy HDFC Ltd now, it can soar 17%.The company has a market capitalisation of Rs 4,92,313.07 crore.
The stock gave a return of 8% in last 3-months, 13% in last 6-months, and 6% in last 1-year.
Disclaimer
The stocks have been picked from the brokerage report of ICICI Direct.
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 check with certified experts before taking any investment decision.
By Renu Baliyan Goodreturns
source: goodreturns.in
Dailyhunt