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Axis Securities Suggests Buy These 3 SBI Group Stocks For Gains Up To 23%
The domestic stock market opened with a big fall on Monday. Stocks across the sectors witnessed a bloodbath. Brokerage firm Axis Securities has recommended "buy" 3 large cap SBI Group stocks, namely State Bank of India, SBI Cards & Payment Services Ltd. and SBI Life Insurance Company Ltd. All three stocks witnessed the Monday stock market turbulence. The brokerage with a buy call sees the stock could fetch up to 23% potential gains. Here are the key takeaways of the stocks including the returns, target price and potential gains:
State Bank Of India
The current market price of SBI is Rs 543.30 on NSE. The 52-week low and high of the stock are Rs. 435 and Rs. 578, respectively. The market valuation of the company is Rs 4,84,874 crore.
In the past year, it gave 23.27% positive return. In the past three years, the stock has given 92.76% positive return, whereas, in the past 5 years, it has given 110.38% positive return, respectively. In a week, it has fallen 5.06%.
The brokerage recommended investors to buy SBI with a target price of Rs 665. The brokerage claims the stock could fetch 23% gains.
SBI Cards & Payment Services Ltd.
The current market price of the SBI Cards is Rs 875.70 on NSE after a fall of 4.35%. The 52-week low and high of the stock are Rs 655.70 and Rs 1,160.10, respectively. The market valuation of the company is Rs 82,601.47 crore.
In the past 1 month, the stock has given 3.56% negative return, and 15.22% positive returns in the past 3 months, The stock price has dropped 13.4% in the past 12 months.
Axis Securities estimates that current investment in this company with a target price of Rs 225 can yield a 20% return.
SBI Life Insurance Company Ltd.
SBI Life's current market price is Rs 1,259.80 apiece on NSE after a fall of 1.04%. The stock's 52-week low and high are each Rs. 1,003.50 and Rs. 1,340.35, respectively. It has a market cap of Rs 1,26,040 crore.
The stock in the past 1 month has fallen 4.1%, whereas in the past 1 week, 3.34%. It has given 16.81% positive return in the past 3 months, and 3.09% in the past 1 year, respectively. In the past 3 years, it gave 54.31% positive return to investors.
The brokerage has given a buy call with a target price of Rs 1540, the brokerage company predicts that the stock may return 23%.
Disclaimer
The stocks have been picked from the brokerage report 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 check with certified experts before making any investment decision.
