Bank Stocks To Buy In October As Recommended By JM Financial

JM Financial has recommended investors to buy three banks stocks that can offer potential upside. These stocks are Bandhan Bank, Axis Bank, HDFC Bank, and ICICI Bank. If you buy these top bank stocks now, you can obtain potential return of up to 26%. Check details below:

1. Buy Bandhan Bank: JM Financial has recommended investors to buy Bandhan Bank shares with target price of Rs 320 per share. Current market price of Bandhan Bank stock is Rs 253.05 per share. If you buy Bandhan Bank stock now, you can obtain 26% likely return. The bank has a market capitalisation of Rs 40,763.79 crore. Bandhan Bank shares offered return of 22% in last 6-months and 5% return YTD. Bandhan Bank shares declined 8% in last 1-year.

2. Buy HDFC Bank: The brokerage firm is bullish on HDFC Bank shares and gave buy rating with target price of Rs 1850 per share. Current market price of HDFC Bank stock on BSE is Rs 1534.15 apiece on BSE. If you buy HDFC Bank share now at current market price, you can fetch likely upside of 20.6%. The 52-week high price of HDFC Bank share is Rs 1757.80 per share and 52-week low price is Rs 1384.00 per share, respectively. Its market capitalisation is Rs 11,63,164.31 crore.

Meanwhile, HDFC Bank has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 15/10/2023 ,inter alia, to consider and approve unaudited standalone and consolidated financial results for the second quarter and half year ended September 30, 2023.

3. Buy ICICI Bank: The analyst has assigned buy rating to ICICI Bank share with target price of Rs 1115 apiece. Current market price of ICICI Bank share on BSE is Rs 945.25 per share on BSE. If you buy ICICI Bank share at current market price, you can get potential gain of 17.99%. Its 52-week high price is Rs 945.25 per share and 52-week low price is Rs 796.10 per share, respectively. The company's market cap is Rs 6,62,057.43 crore.

ICICI Bank stock offered return of 7% in last 1-year, rallied 37% in last 2-years, and soared 148% in last 3-years. In last 5-years, ICICI Bank stock surged 208%.

4. Buy Axis Bank: The analyst has assigned buy call to Axis Bank with target price of Rs 1040 per share. Current market price of Axis Bank share on BSE is Rs 1000.95 per share. If you buy Axis Bank stock now, you can obtain an upside of 4%. Axis Bank shares offered rally of 18% in last 6-months, gave return of 33% in last 1-year, and surged 122% in last 3-years. The bank has market capitalisation of Rs 3,08,468.85 crore. Its 52-week high price 1047.45 apiece and 52-week low price is Rs 742.65 per share, respectively.

Disclaimer: The stocks have been picked from the brokerage report of JM Financial. 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.