3 Bank Stocks that Axis Securities is Bullish on

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3 Bank Stocks that Axis Securities is Bullish on

By Aditya Raghunath

Investing.com -- Bad loans might be going up and asset quality is getting more stretched but Axis Securities believes that some banks still holding the potential to move up. Here are 3 bank stocks that Axis Securities believes have a 15-16% upside.

  1. ICICI Bank Ltd (NS: ICBK ): The bank closed at Rs 702.45 today, down 1.71%. Axis Securities believes the bank is among the best bets in the banking sector and has a target of Rs 810 on it. This is an upside of over 15%. Axis Securities says that higher provisioning on one end and a growing loan book on the other make this stock a favored pick.

  2. State Bank Of India (NS: SBI ): The bank closed at Rs 441.95 today, down 3.28% after the possibility of a Vodafone Idea (NS: VODA ) collapse looks likely. However, Axis Securities believes that this is still the best pick among public sector banks. Its improved asset quality has led the brokerage to give it a target price of Rs 510, a potential upside of over 15%.

  3. Federal Bank Ltd. (NS: FED ): The bank’s increasing retail focus, solid provisioning and adequate capitalization make it an easy pick for the brokerage. The stock closed at Rs 85.95 today, and Axis Securities has given it a target of Rs 100, an upside of over 16%. The brokerage expects the bank’s valuation to improve from current levels if the focus on asset quality doesn’t waver.

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  • Manish Sharma @Manish Sharma
    What is theuseof these recommendations? Who is getting benefits from these recommendations? Banks are teading against us retailers then why would they share correct i formation with us?
    Like 1
  • RL charru geswarun @RL charru geswarun
    you are right sbi shares will definitely go up bcoz of VI loans. 👍
    Like 1
  • Jitta thegreat @Jitta thegreat
    don't know why Federal Bank is recommended.. but every time it doesn't reach to target by calls
    Like 5
  • Sunil Renati @Sunil Renati
    sbi may fall due to VI loans
    Like 2
  • Sunil Renati @Sunil Renati
    sbi may fall due to VI loans
    Like 3
  • Dinesh Deshmane @Dinesh Deshmane
    I like BOB
    Like 2
  • kavan patel @kavan patel
    bob will blasttt...
    Like 1
  • Rajesh Rajagopalan @Rajesh Rajagopalan
    Union bank is in. much favor
    Like 1
  • Amit Das @Amit Das
    Not at current level .
    Like 1
  • MOHSIN Shaikh @MOHSIN Shaikh
    better recommendations
    Like 1
  • MOHSIN Shaikh @MOHSIN Shaikh
    will never invest in all three in near term
    Like 2
  • Arun Sharma @Arun Sharma
    having all 3 in portfolio.
    Like 1
  • Arun Sharma @Arun Sharma
    having all 3 in portfolio. 😅
    Like 1
  • Ganapati Bhat @Ganapati Bhat
    Federal Bank appears to be one of the most recommended one but only recommeneded. But people who recommend appear to hesitate while investing. Hence Federal Bank has remained under performer for quite some time.
    Like 1
  • Ram prasad B @Ram prasad B
    federal bank 👍
    Like 0

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