Top Picks! IDBI Capital Lists 2 Top Banking Stocks With "Buy" Call, Sees 46% Strong Gains

Leading broking firm in India, IDBI Capital has come up with top picks in the Banking sector as ICICI Bank & Federal Bank with attractive target prices for high gains. The brokerage sees robust gains of up to 46% if the stocks are purchased at the current market price. Check below to know more:

ICICI Bank

ICICI Bank is among the top pick by IDBI Capital with a target price of Rs 1,260 apiece. The brokerage suggests "Buy" the stock of ICICI Bank for gains up to 46% from its current level. On NSE, the stock is currently trading at Rs 867.75 apiece.

The stock has gained 1.33% in 1 week and 1.65% in 1 month, respectively. It has fallen 5.95% in 3 months. In the past 1 year, it gained 26.12%. In 3 years it gained 78.42% and in 5 years it gained 194.1%.

The stock recorded its 52 week high on 30 November 2022 at Rs 958.20 apiece and 52 week low on 7 March 2022 at Rs 642.15 apiece, respectively. It is India's 2nd Largest private sector bank with a market capitalisation of Rs 6,05,431 crore.

Federal Bank

Federal Bank is a midcap banking stock that got a "Buy" call by IDBI Capital with a target price of Rs 175 apiece. The brokerage sees a potential upside of upto 31% from its current market price. The stock of Federal Bank is currently trading at Rs 134.15 apiece on NSE.

The stock has over the past 1 week, gained 4.28%. It has given 43.86% positive return in the past 1 year, 67.58% in the past 3 years and 46.37% in the past 5 years.

It recorded 52 week high is Rs 143.40 apiece as on 16 January 2023 and 52 week low is Rs 82.50 apiece as on 26 May 2022, respectively. It is one of India's leading private sector banks having a market capitalisation of Rs 28,366.96 crore.

Disclaimer

The stocks have been picked from the brokerage report of IDBI Capital. 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.