From SBI to HDFC: Bank stocks set for up to 24% return - Check targets by brokerage
Bank Stocks To Buy: The bull run continues in the market on Wednesday as the Sensex and Nifty hit new all-time high levels in early trade. The Sensex was up 122.14 points or 0.16 per cent at 77,423.28, and the Nifty was up 26.10 points or 0.11 per cent at 23,584. Amid the bullish trend, there is scope for a good return.
Bank Stocks To Buy
Bank Stocks To Buy: There are several stocks in the banking space with strong fundamentals that may offer good returns. Brokerage house Systematix has advised buying on some of them. These include HDFC Bank, Axis Bank, ICICI Bank, SBI, IndusInd Bank.
Bank Stocks To Buy: HDFC Bank
Brokerage house Systematix has given a BUY rating to HDFC Bank. It has set a target of Rs 1,885. The share price at the end of the session on 18 June 2024 was Rs 1,608 and therefore the stock has the potential to jump around 17 per cent.
Bank Stocks To Buy: Axis Bank
Bank Stocks To Buy: The brokerage has given a BUY rating to Axis Bank and has set a target of Rs 1,270. The share price on 18 June 2024 was Rs 1,190. The stock can jump another 7 per cent from the closing price on Tuesday.
Bank Stocks To Buy: ICICI
Bank Stocks To Buy: The brokerage has given a BUY rating to ICICI Bank and set the target of Rs 1,275. The share price on 18 June 2024 was Rs 1,125 and therefore the stock can jump another 14 per cent.
Bank Stocks To Buy: SBI
Bank Stocks To Buy: The brokerage has given a BUY rating to SBI or State Bank of India and has set the target as Rs 950. The share price on 18 June 2024 was Rs 845 and therefore it has the potential to rise around 12 per cent from the current price.
Bank Stocks To Buy: Disclaimer
Bank Stocks To Buy: The advice to invest in stocks here has been given by the brokerage house. These are not the views of Zee Business. Consult your advisor before investing.