Motilal Oswal Picks 3 SBI Group Stocks With Buy Tag, Stocks Can Rally Up To 35%

Leading brokerage firm Motilal Oswal has placed "BUY" tag on 3 SBI Group Stocks in its recently published Financials: Banks and Insurance sector report. These 3 SBI Group stocks are State Bank of India (SBI), SBI Cards and Payment Services Limited, and SBI Life Insurance Company Limited. Here are the key highlights of the stocks:

1. State Bank of India (SBI)

SBI is a large cap Public Sector Bank, headquartered in Mumbai. It is the largest Indian bank with a 1/4th market share. It has a market capitalisation of Rs 5,40,028 crore. 

Motilal Oswal Initiates a buy on the stock of SBI with Rs 725 target price. The brokerage with the given target price sees 20% potential upside from its current level. 

The stock's current market price on NSE is Rs 605.10 apiece. Its 52-week high is Rs 629.55 apiece and its 52-week low is Rs 425 apiece, respectively. 

The stock has fallen 1.98% in 1 month and surged 13.59% in 3 months, respectively. Whereas in 1 year, it moved up by 22.89% and in 3 years it moved up by 81.33%, respectively. It has given 97.52% positive return in 5 years, respectively.

2. SBI Cards and Payment Services Limited

SBI Cards & Payments Services is a non-deposit accepting systemically important non-banking financial company registered with the RBI. It is a large cap of SBI group with a market capitalisation of Rs 73,532 crore.

The brokerage has placed a buy on the stock of SBI Card with a target price of Rs 1,050 apiece. If you buy the stock at the current market price, you would likely surge up to 35% return on investment.

The stock last traded at Rs 779.55 apiece on NSE, 0.57% down from its previous close. It recorded its 52 week low at Rs 655.70 apiece on 20 June 2022 and 52 week high at Rs 1,028.65 apiece on 17 August 2022, respectively.

The stock got listed on 16 March 2020 and since its listing, it has given 14.4% positive returns. However, fell 6.21% in 1 month, and 12.86% in 3 months, respectively. In a year, it fell by 16.66%.

3. SBI Life Insurance Company Ltd

SBI Life is a large-cap SBI Group company engaged in the business of life insurance and annuity. It has a market capitalisation of Rs 1,26,825 crore. 

Motilal Oswal is bullish on the stock of SBI Life, suggests "buy" with a target price of Rs 1,600 apiece. With the given target price, it is likely to give a potential return of up to 25% from its current level. 
 

The stock last traded at Rs 1,267.65 apiece on NSE, 0.68% up from its previous close. It recorded its 52-week low at Rs 1,003.50 apiece on 8 March 2022 and 52-week high at Rs 1,340.35 apiece on 8 September 2022, respectively.
The stock in 1 month moved down 1.32% and in 3 months moved up 0.56%, respectively, In 1 year it moved up 3.92%, in 3 years moved up 30% and in 5 years moved up maximum 80.59%, respectively. 

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 consult with certified experts before making any investment decision.