Buy 4 PSU Bank Stocks Showing Upside, UBI Rallied 117% In 6-Months: Motilal Oswal

Motilal Oswal has picked 4 public sector bank stocks for investment as shares are showing upside. These bank stocks are Bank of Baroda, Canara Bank, SBI, and Union Bank of India. If you buy these banking stocks now, you will get potential 34% return soon. Check details below:

1. Buy Bank of Baroda

Motilal Oswal has assigned buy call to BOB with a target price of Rs 240 apiece. Last trading price of Bank of Baroda is Rs 179.45 apiece on BSE with intraday gain of 0.84% on January 20, 2023.

If you buy the stock at its current market price, you will likely get an upside of 34%. The stock's 52-week high is Rs 197 apiece and 52-week low is Rs 89.90 apiece, respectively. The bank has a market capitalisation of Rs 92,800.09 crore.

The stock rallied 27% in last 3-months only, 60% in last 6-months, and 85% in last 1-year. In last 3-years, it has surged 89%.

2. Buy Canara Bank

The analyst has assigned buy call to Canara Bank with a target price of Rs 410 apiece. The last trading price of the stock is Rs 318. 90 apiece with intraday decline of 0.39%. The stock's 52-week high is Rs 341.60 apiece and 52-week low is Rs 171.70 apiece, respectively. If you buy Canara Bank now, you can potentially get 29% return.

The company has a market capitalisation of Rs 57,852.61 crore.

The stock in last 3-months surged 23%, 45% in last 6-months, and 40% in last 1-year. In last 3-years, the stock soared over 45% and declined 12% in last 5-years. The bank was incorporated in 1906.

3. Buy SBI

The brokerage has recommended investors to buy leading PSU stock, SBI with a target price of Rs 735 apiece. SBI's last trading price is Rs 592.10 apiece with intraday gain of 0.37% on BSE. If you buy SBI shares at current market price, you will potentially receive an upside of 24%.

The stock's 52-week high is Rs 629.65 apiece and 52-week low is Rs 425.00 apiece, respectively. It has a market capitalisation of Rs 5,28,426.26 crore. The stock declined 2% in last 1-month, surged over 6% in last 3-months, 16% in last 6-months, and 16% in last 1-year. It rallied over 88% in last 3-years and 91% in last 5-years. It was incorporated in 1955.

 

4. Buy Union Bank of India

Motilal Oswal has recommended investors to buy Union Bank of India with a target price of Rs 100 apiece. The last trading price of Union Bank of India is 81.30 apiece with intraday fall of 0.37%.

If you buy Union Bank of India at current market price, you will potentially get 23% upside soon. The stock's 52-week high is Rs 96.40 apiece and 52-week low is Rs 33.55 apiece, respectively. In last 1-week, the stock rallied 3% and declined 3% in last 1-month.

The stock gained over 71% in last 3-months, 117% in last 6-months, and over 80% in last 1-year. In last 3-years, the stock rallied 56%. The banking company has a market capitalisation of Rs 55,566.50
It came into existence in 1919.

 

Disclaimer

The stocks have been picked from the brokerage report of Motilal Oswal. 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.