Axis Securities Lists 3 Banking Stocks As Top Picks, Suggests Buy For Up To 40% Gains

Axis Securities lists ICICI Bank, Federal Bank, and State Bank Of India (SBI) as top picks in April 2023. The brokerage assigns "Buy" on the stocks as it sees a potential upside in the share prices up to 40% from the current level. Among these Federal Bank and ICICI Bank are private sector banks, whereas, SBI is a public sector bank.

ICICI Bank

Axis Securities assigns "Buy" on the stock with a target price of Rs 1,150/share. It claims a potential upside of upto 30% from the current level. The last traded share price of ICICI Bank is Rs 881.90/share, up 1.55% from the previous close.

Its 52 week high is Rs 958.20/share and 52 week low is Rs 669.95/share, respectively. In 1 year it gains 16.1%. In 3 years it gains 157.34% and in 5 years, it gains 209.93%.

State Bank Of India (SBI)

The brokerage assigns "Buy" on SBI with a target price of Rs 740/share, claims gains up to 40% if purchased at the current market price. The stock's current market price is Rs 532.10/share, up 1.10% from its previous close.

The stock's 52 week high is Rs 629.55/share and 52 week low is Rs 430.70/share, respectively. In the past 1 year, it gave 183.41% positive return, 183.41% in 3 years and 107% in 5 years, respectively.

Federal Bank

The brokerage assigns a "Buy" on Federal Bank with a target price of Rs 170/share. Given the target price, if you buy the stock at the current market price it can fetch gains up to 33%. The stock last traded at Rs 128.30/share, up 1.02% from the previous close.

It recorded the 52 week low at Rs 82.50/share and 52 week high is Rs 143.40/share, respectively. The stock has given 28.24% positive return in 1 year. In the past 3 years, it has given 213.31% positive return. In 5 years it has given 29.47% positive return.

Disclaimer - The stocks have been picked from the brokerage reports of Axis 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 consult with certified experts before making any investment decision.