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Stock to Buy: Brokerage CLSA says that even though there is some pressure on banks in the second quarter, the condition will improve in the coming quarters. The top picks of brokerage include SBI, ICICI Bank and Bandhan Bank.
CLSA is bullish on three bank shares.New Delhi. Those who invest money in the stock market are always looking for earning shares. If you are also looking for similar stocks, then Global Brokerage House CLSA has made your work easy. Brokerage has advised to invest money in three banking shares. He believes that these stocks have the ability to give 33 percent of the returns in the coming time.
CLSA includes the Indian State Bank, ICICI Bank and Bandhan Bank in the ‘Bay’ list. Brokerage believes that although the performance of banks in the second quarter (Q2FY26) may look slightly pressed due to loan growth and NIM pressure, the situation will improve from the third quarter and investors will get better returns.
SBI share target price
CLSA has given a by -rating to SBI shares and has a target price ₹ 1,050, which is 21% higher than the current ₹ 867.05. According to brokerage, the deposit growth of the bank is stable and the pressure on NIM will be reduced in the coming quarters. SBI will get support from both retail and corporate loans. For investors, this stock is a great option of stable and long -term gains.
ICICI Bank stock likely to rise 24 percent
CLSA also advised to buy ICICI Bank stock. Brokerage has kept its target price ₹ 1,700, which is about 24% higher than the current ₹ 1,365 level. The focus of the bank is on profitability and balance growth. The CLSA believes that the asset quality of ICICI Bank is continuously getting better and the term deposit re-pricing will gradually reduce the pressure on its margin.
Bandhan Bank shares will give 33% return
CLSA’s biggest choice in the midcap segment is Bandhan Bank. Brokerage has given it a target of ₹ 220, which is about 33% higher than the current ₹ 165.90. CLSA believes that in the coming time, the bank’s loan growth will improve and the pressure on NIM will decrease. Investors with high-risk, high-return can keep this stock in their portfolio. CLS has retained its ‘hold’ rating on Kotak Mahindra Bank, IndusInd Bank, IDFC First Bank and RBL Bank stock.
(Disclaimer: Stocks mentioned here are based on the advice of brokerage houses. If you want to invest money in any of these, consult the first certified Investment Advisor. AyraNews24x7 will not be responsible for any kind of profit or loss.)
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