PSU Bank Stocks To Buy: Motilal Oswal Sees More Upside After 90-Days Return Up To 40%

Motilal Oswal has recommended investors to buy 2 leading bank stocks that offered attractive returns in last 2-years. These two stocks are State Bank Of India and Bank Of Baroda. Bank of Baroda shares offered over 40% return in last 3-months and State Bank Of India shares zoomed over 35% in last 3-months tenure.

Buy SBI Shares: Current market price of State Bank Of India shares on BSE is Rs 757.45 apiece with intraday fall of 0.26%. Motilal Oswal has assigned buy call to SBI stock with target price of Rs 860 apiece. If you buy State Bank Of India shares at current market price of Rs 757.45 apiece, you can fetch likely gain of 13.54%. The 52-week high price of State Bank Of India shares on BSE is Rs 777.50 apiece and 52-week low price is Rs 501.85 apiece, respectively. The PSU has a market capitalisation of Rs 6,75,994.73 crore. SBI shares gained 23% in last 1-month, soared 35% in last 3-months, and offered return of 45% in last 1-year. The scrip zoomed 93% in last 3-years and 183% in last 5-years.

SBI Technical: SBI's RSI is 71.5. RSI above 70 is considered overbought. It implies that stock may show pullback. SBI has a score of 67.94 which implies that the stock is technically moderately strong. Stocks with score between 60 and 70 are considered as technically Moderately Strong. FII/FPI have increased holdings from 10.72% to 10.91% in Dec 2023 quarter. Number of FII/FPI investors decreased from 1295 to 1273 in Dec 2023 quarter. Mutual Funds decreased holdings from 11.98% to 11.75% in Dec 2023 quarter. Number of MF schemes increased from 69 to 71 in Dec 2023 quarter, according to Trendlyne.

Buy Bank Of Baroda Shares: Current market price of Bank Of Baroda shares on BSE is Rs 270.10 apiece with intraday gain of 0.82%. The analyst has assigned buy call to Bank Of Baroda shares with target price of Rs 310 apiece. If you buy Bank Of Baroda shares at current market price of Rs 270.10 apiece, you can fetch likely return of 14.77%. The PSU has a market cap of Rs 1,40,195.63 crore, as per BSE data. Bank Of Baroda stock gained 75% in last 1-year, soared 153% in last 2-years, and offered return of 216% in last 3-years.

Bank Of Baroda Technical: The PSU's RSI is 61.0, RSI below 30 is considered oversold and above 70 overbought. Bank of Baroda is technical strong as its score is 71.12. Stocks with score above 70 are considered as technically Strong. FII/FPI have decreased holdings from 12.39% to 12.27% in Dec 2023 quarter. Number of FII/FPI investors decreased from 785 to 772 in Dec 2023 quarter. Mutual Funds have decreased holdings from 9.81% to 8.61% in Dec 2023 quarter.

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.