Bank Stocks To Buy: Brokerages Upbeat On Pvt, PSU Stocks That Rallied 200-460% In 3-Yrs

Leading brokerages have recommended investors to buy banking stocks showing potential to soar. Motilal Oswal has assigned buy call to SBI share and ICICI Direct has suggested investors to buy Karnataka Bank shares. Both SBI and Karnataka bank shares offered between 200% to 461% return in last 3-years. Check details below:

1. Buy Karnataka Bank Shares: Current market price of Karnataka Bank stock is Rs 239.85 per share with intraday gain of 5.17%. ICICI Direct has assigned buy call to Karnataka Bank stock with target price of Rs 285 per share.

The analyst has given a time period of 6-12 months when Karnataka Bank shares will reach the target price.

The stock's 52-week high price is Rs 247.40 per share and 52-week low price is Rs 76.30 per share. It has a market capitalisation of Rs 7501.12 crore. Karnataka Bank shares gained 55% in last 3-months only, soared 185% in last 1-year, jumped 232% in last 2-years, and rose 461% in last 3-years. In last 5-years, Karnataka Bank share rallied 132%. If you buy Karnataka Bank stock now at current market price, you can fetch potential return of 19%.

2. Buy SBI Shares: Motilal Oswal has assigned buy call to State Bank of India shares with target price of Rs 625 per share and keep the stop loss at Rs 585 per share. Current market price of SBI stock is Rs 603.95 per share as on September 18, 2023 with intraday gain of 0.93%.

The stock's 52-week high price of the public sector lender is Rs 629.65 per share and 52-week low price is Rs 499.35 per share, respectively. Its market capitalisation is Rs 5,39,001.94 crore. State Bank of India stock offered shareholders return of 14% in last 6-months, fell 1.36% year-to-date (YTD), soared 8% in last 1-year, offered return of 33% in last 2-years, and rose 213% in last 3-years when Sensex soared 74%.

If you buy SBI shares at CMP, you can get likely return of 4%.

Disclaimer: The stocks have been picked from the brokerage report of Motilal Oswal and ICICI Direct. 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.