Bank stocks to buy: These 8 bank stocks can give between 22 and 49% returns in 1 year, according to analysts

Synopsis

It was a day of rapid developments. SEBI finally brought in the much-anticipated change in F&O rules. The US markets ended the day in the red. Middle East tensions deepened. And the Gift Nifty was trading with a cut of more than half a percent. There is thus a high probability that when the market opens for trade on Thursday, it will be another day of decline. If there is any institutional-based selling, then even bank stocks could come under pressure. If not, it is likely that it will be the banks that play a role in any recovery – as and when it takes place. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.

Geopolitical and domestic developments suggest there is a high probability that the stock market may take a dive as it opens for trade on Thursday. Given the fact that banks are heavily owned by institutional investors, their stocks face the risk of a decline in the short term. But the question is: Will these global and domestic developments have any bearing on the fundamentals of some segments of the banking sector? Especially the ones that

ETMarkets.com

Oct 02, 2024, 05:00:00 AM IST

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