PSU SIP Stock to Buy For New Year 2025: Anil Singhvi picks this largecap bank scrip on 10% dip; know what different targets are
SIP PSU Stock Pick For New Year 2025: As leading benchmarks BSE Sensex and Nifty 50 started the trading session today (Friday, January 3, 2024) on a low note, Zee Business managing editor and market guru Anil Singhvi is bullish on the PSU bank stock.
SIP PSU Stock Pick For New Year 2025: After rallying for 2 consecutive days on January 1 and 2, the share market started on a low note as leading benchmarks, BSE Sensex and Nifty 50, were trading down today (Friday, January 3, 2024) from Thursday's close. But this is just the beginning of the year. And it will unfold; many ups and downs are expected throughout the day. As the trading session is underway, Zee Business managing editor and market guru Anil Singhvi has picked PSU Bank, Union Bank of India. He has suggested buying the stock in a dip. Know what he says about the stock and what his targets are for the largecap stock?
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What Anil Singhvi thinks about Union Bank of India (CMP 121)
Union Bank of India available for attractive valuations
Anil Singhvi says that Union Bank of India stock is available at attractive valuations, and a better environment is expected to lead to growth.
Will Union Bank of India bank on rate cuts?
Anil Singhvi says that the interest rate cut will be a big positive for PSU banks, including Union Bank of India, increasing the possibility of more loan disbursal.
He says the fall in crude oil and metal prices will reduce inflation.
He also says that the PSU bank's less exposure to credit card and MFI loans is a positive.
Will Union Bank of India stock rise ahead of Budget 2025?
Anil Singhvi says a pre-budget rally has been seen in PSU banks in the last 5 budgets, implying a similarity in the future.
Anil Singhvi considers loan growth positive factor for PSU banks
The market guru says that an update on the third quarter deposit and loan growth of PSU banks is also strong.
Anil Singhvi on Union Bank of India PE ratio
He says that the stock is available at very attractive valuations as it is trading at a PE of just 5 and a book value of 0.63.
Anil Singhvi on Union Bank of India dividend yield
He says that the bank is available at an attractive dividend yield of 2.5 per cent.
Anil Singhvi View: When should one make SIP
He suggests doing an SIP in the Union Bank of India stock on every 10 per cent fall.
Anil Singhvi's Target Prices for Union Bank of India
He has given long-term targets of Rs 160, Rs 185, and Rs 205 for the Union Bank of India stock.
Anil Singhvi's target duration for Union Bank of India
The Zee Business managing editor has given the investment target of 12-18 months for the Union Bank of India stock.
Union Bank of India share price
Union Bank of India closed trading on BSE on Thursday (January 2, 2024) at Rs 121.35.
Union Bank of India share price history compared to Nifty 50
The stock of the PSU bank is up by 1.42 per cent in the last 1 year.
Union Bank of India share price history compared to Nifty 50
The Nifty 50 benchmark, meanwhile, has jumped 11.63 per cent in the same time frame.