Buy 2 Quality Bank Stocks That Can Soar Up To 25%: BNP Paribas Securities

BNP Paribas Securities has recommended investors to buy 2 banking stocks as both the stocks are showing potential to surge. These two bank stocks are IndusInd Bank and ICICI Bank. If you buy these two stocks now, you can fetch potential gain of up to 25%. Check details below:

1. Buy IndusInd Bank: BNP Paribas Securities has assigned buy call to IndusInd Bank with target price of Rs 1360 per share. Current market price of IndusInd Bank is Rs 1126.60 per share with intraday rally of 0.96% on BSE on Monday. If you buy IndusInd Bank share at the current market price, you can get potential return of 21%. The stock's 52-week high price is Rs 1275.25 per share and 52-week low price is Rs 763.75 per share, respectively.

The bank has a market capitalisation of Rs 87,412.35 crore. In last 1-year, it gave return of 17%, 32% return in last 2-years, and 194% return in last 3-years.

2. Buy ICICI Bank: BNP Paribas Securities has suggested investors to buy ICICI Bank share, that declared final dividend of Rs 8 per equity share on April 22, 2023, with target price of Rs 1130 per share. Current market price of ICICI Bank is Rs 905.15 per share with intraday jump of 2.37%. If you buy ICICI Bank share now, you can get likely return of 25%. The bank also declared its Q4 results wherein its net profit jumped 30% YoY at Rs 9122 crore for the quarter ended March 31, 2023.

ICICI Bank stock's 52-week high price is Rs 958.00 per share and 52-week low price is Rs 670.35 per share, respectively. Its market capitalisation is Rs 6,32,107.81 crore. The stock gave return of 21% in last 1-year, 58% return in last 2-years, and 170% return in last 3-years.

Disclaimer: The stocks have been picked from the brokerage report of BNP Paribas 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.