Jana Small Finance Bank Share Price Target NSE, BSE: This stock can double your money - Check Stoploss by Anil Singhvi

Jana Small Finance Bank Share Price Target NSE, BSE, Jana Small Finance Bank Stoploss by Anil Singhvi: Sensex and Nifty gained marginally in early trade on Monday. While the 30-share Sensex rose 23.96 points or 0.03 per cent to 72,450.60 points, the broader Nifty inched up 32.35 points or 0.15 per cent to 22,073.05 points in the opening session.

Amid this gain in the stock market, there's a stock that has the potential to double your money in the next 2-3 years. 

Jana Small Finance Bank Share Price Target NSE, BSE

Zee Business Managing Editor Anil Singhvi has picked Jana Small Finance Bank as the Stock of the Day today. Singhvi said that investors should do a SIP of every 10 per cent fall for a positional target of Rs 435, Rs 445 and Rs 460.

Jana Small Finance Bank Stock - Stoploss

Singhvi advised investors to buy the share with a stoploss of Rs 390.

Earlier on Wednesday, shares of Jana Small Finance Bank made a weak debut on the bourses on Wednesday. The stock was listed with a 4 per cent discount on the BSE and National Stock Exchange (NSE) against the issue price of Rs 414.

The initial public offering (IPO) of Jana Small Finance Bank received 18.50 times the subscription on the closing day of the share sale on February 9.

The Bengaluru-headquartered firm's Initial Public Offering (IPO) had a fresh issue of up to Rs 462 crore and an Offer For Sale (OFS) of up to 26,08,629 shares. Shares were available for bidding in the price range of Rs 393-414 apiece.

Jana Small Finance Bank had garnered Rs 167 crore from anchor investors on February 6.

The bank will use the money from the fresh issue to augment its core capital to meet future capital requirements and improve its capital adequacy ratio.