2 Quality Bank Stocks That Can Rally 24%: LKP Securities Recommends Buy

LKP Securities has assigned buy call to quality bank stocks showing potential to soar up to 24%. These two stocks are RBL Bank and Kotak Mahindra Bank. Check
details below:

1. Buy RBL Bank: LKP Securities has assigned buy call to RBL Bank with target price of Rs 194 per share. Current market price of RBL Bank is Rs 156.75 per share with intraday decline of 3.09%. If you buy RBL Bank shares now, you can get potential return of 24%. The stock's 52-week high price is Rs 189.20 per share and 52-week low price is Rs 74.15 per share, respectively.

Its market capitalisation is Rs 9,410.22 crore. The stock gave return of 17% in last 6-months and 33% in last 1-year. It declined 15% in last 2-years and gave return of 18% in last 3-years.

2. Buy Kotak Mahindra Bank: The analyst has suggested investors to buy Kotak Mahindra Bank share with target price of Rs 2232 apiece. Current market price of Kotak Mahindra Bank stock is Rs 1907 apiece with intraday dip of 1.56% till 10:56 am on Tuesday. If you buy Kotak Mahindra shares at current market price, you can obtain likely return of 17%.

The stock's 52-week high price is Rs 1997.00 per share and 52-week low price is Rs 1630.00 per share, respectively. The bank's market capitalisation is Rs 3,79,323.05 crore. The stock rallied 10% in last 1-month, 8% in last 1-year, 9% in last 2-years, and 40% in last 3-years. It soared 51% in last 5-years.

Disclaimer: The stocks have been picked from the brokerage report of LKP Securities. 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.