Buy 2 Bank Stocks That Can Rally 48%: Emkay Global Recommends Top Stocks

Emkay Global has recommended investors to buy 2 bank stocks that can deliver 48% return. These two bank stocks are Axis Bank and ICICI Bank. Check details below:

Buy Axis Bank: Emkay Global Financial Services has recommended investors to buy Axis Bank with a target price of Rs 1250 apiece. Current market price of Axis Bank is Rs 851.50 apiece on BSE. If you buy Axis Bank shares now, you can get return of up to 47%. The company has a market capitalisation of Rs 2,61,935.21 crore.

The stock's 52-week high is Rs 970.45 apiece and 52-week low is Rs 618.10 apiece, respectively.

Return: The stock gave a return of 22% in last 1-year and 36% in last 3-years. In last 5-years, it soared 68%.

Financial Performance: The banking company for the quarter ended December 31, 2022 declared its consolidated total income at Rs 28083.94 crore, up 11.18 % from last quarter total income of Rs 25258.80 crore.

Buy ICICI Bank: The analyst has recommended investors to buy ICICI Bank with a target price of Rs 1250 apiece. Current market price of ICICI Bank is Rs 842.45 apiece with intraday decline of 1.59% on BSE.

If you buy ICICI Bank share now, you can get return of 48%. Its market capitalisation is Rs 5,88,798.85 crore. The stock's 52-week high is quoted at Rs 958.00 apiece and 52-week low is Rs 670.35 apiece, respectively.

Return: The stock offered return of 24% in last 1-year, 84% in last 3-years, and 187% in last 5-years.

Financial Performance: It declared its consolidated total income for the quarter ended December 31, 2022 at Rs 47859.50 Crore, up 5.93% from last quarter total income of Rs 45178.22 crore.

Disclaimer: The stocks have been picked from the brokerage report of Emkay Global Financial Services. 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.