SIP in PSU Bank Stock For up to 77% Gain: Market guru Anil Singhvi recommends investors to buy this scrip in dip; note down targets

SIP in PSU Bank: The Budget 2025 is just around the corner as Finance Minister Nirmala Sitharaman will present it on February 1, 2025. Today (Tuesday, January 28, 2025), the share market opened in green as the leading indices—BSE Sensex and Nifty 50—are positive. Amid such a backdrop, Zee Business managing director Anil Singhvi has picked PSU stock—Union Bank of India—and recommended making an SIP in a dip.

ZeeBiz WebTeam | Jan 29, 2025, 09:45 AM IST

SIP in PSU Bank: In a special segment, Aapke Budget Mein Sasta Share, Zee Business managing editor, Anil Singhvi, recommended making an SIP in Union Bank of India in a dip. The market guru says that the bank's third-quarter results are better than expected, and its NPA also remains below the guidance level. He also highlighted other factors and suggested three target prices for the long term. The recommendation has come at a time when Finance Minister Nirmala Sitharaman is set to present Budget 2025 on February 1. Even as Singhvi recommends buying the PSU bank share, leading indices—BSE Sensex and Nifty 50—opened in the green today (Tuesday, January 28, 2025), bringing smiles to the faces of investors.
Photos: Unsplash/Pixabay/Pexels

1/13

What does Anil Singhvi say about Union Bank's Q3 results?

What does Anil Singhvi say about Union Bank's Q3 results?

Singhvi says that the PSU bank has delivered better than expected results in the third quarter. 

2/13

Anil Singhvi hopes high as bank improves its balance sheet

Anil Singhvi hopes high as bank improves its balance sheet

The Zee Business managing editor says the good thing about the bank's business is that it is focusing on improving its balance sheet. 

3/13

Anil Singhvi on Union Bank's NPA

Anil Singhvi on Union Bank's NPA

The market guru praises the bank for its under-control non-performing assets (NPA). He says that the PSU bank's gross NPA remains below the guidance level of 4 per cent.

4/13

Anil Singhvi on Union Bank's slippages

Anil Singhvi on Union Bank's slippages

He says that the bank's slippages (new NPA) are in a better condition as they are below the guidance of Rs 11,500 crore for March 2025.

5/13

Anil Singhvi on Union Bank's credit card exposure

Anil Singhvi on Union Bank's credit card exposure

Singhvi says that the PSU bank has a lower exposure to credit cards and MFI loans.

6/13

Anil Singhvi on RBI's liquidity increase impact on Union Bank

Anil Singhvi on RBI's liquidity increase impact on Union Bank

The managing editor says that the RBI's liquidity increase is also a positive for the PSU bank. He expects an interest rate cut soon, which can benefit Union Bank.

7/13

What does Anil Singhvi think of Union Bank's shares?

What does Anil Singhvi think of Union Bank's shares?

He says that the bank's shares have recovered to good levels after a decline.

8/13

Anil Singhvi's recommendation for Union Bank SIP

Anil Singhvi's recommendation for Union Bank SIP

The Zee Business managing editor recommends investors making an SIP in the PSU bank stock at every 10 per cent fall. 

9/13

Anil Singhvi's targets for Union Bank stocks

Anil Singhvi's targets for Union Bank stocks

At a Rs 105 CMP, Singhvi has given Union Bank share price targets of Rs 130, Rs 160, and Rs 185.

10/13

Anil Singhvi's duration for Union Bank stock investment

Anil Singhvi's duration for Union Bank stock investment

The market guru has given a 1-3 year investment horizon to Union Bank of India investors. 

11/13

Union Bank stock price

Union Bank stock price

Union Bank of India's stock closed the trading session on BSE on Monday at Rs 105.65. It opened trading at Rs 109.40 on Tuesday.

12/13

Union Bank stock 52-year-low, 52-year-high

Union Bank stock 52-year-low, 52-year-high

Union Bank of India's 52-week low on BSE is Rs 100.75, while the 52-week high is Rs 172.45.

13/13

Union Bank stock performance vs Nifty 50 performance in 1 year

Union Bank stock performance vs Nifty 50 performance in 1 year

The stock of the PSU bank has dipped by 23.35 in the 1-year period.
Nifty 50 has risen by 5.31 per cent in the 1-year period.

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