PSU Stocks to Buy: SBI, NTPC, ONGC among 5 scrips on analysts' radar; check out targets
PSU Stock Picks:
PSU Stocks to Buy: Several domestic brokerages are positive on public sector undertaking companies, including State Bank of India (SBI), Oil and Natural Gas Corporation (ONGC), and NTPC.
Analysts recommend buying PSU stocks for up to 35 per cent return
Brokerages have expected up to 35 per cent return for these stocks. Here's the list of these PSUs that are analysts betting on:
Sharekhan recommends buying SBI shares
Mirrae Asset Sharekhan has recommended buying State Bank of India shares for a target of Rs 980.
SBI Share Price Target
As per the given target, it could rise up to 34.26 per cent from LTP of Rs 729.90.
Brokerage bullish on NTPC shares
Sharekhan also recommends buying NTPC shares.
NTPC Share Price Target
For the NTPC stock, the brokerage has recommended buying shares for a target of Rs 374, which implies a potential upside of 12.82 per cent as of LTP of Rs 331.50
Geojit Financial recommends buying Indian Bank shares
Geojit Financial has a 'buy' stance on Indian Bank shares with a target of Rs 619.
Indian Bank Share Price Target
According to the given target, the stock could rise up to 20.78 per cent from today's session closing at Rs 512.50.
Analysts recommend buying ONGC shares; check out target
Geojit Financial recommends buying ONGC shares for a target of Rs 261.
ONGC Share Price Target
Analysts have expected that the ONGC stock could give a return of 15.35 per cent as of LTP of Rs 226.25.
Buy BEL shares: Geojit Financial
Geojit Financial has recommended buying Bharat Electronics Ltd (BEL) shares for a target of Rs 324.
BEL Share Price Target
For the BEL stock, the brokerage expected a rise of 16.72 per cent from today's closing of Rs 277.58.
(Disclaimer: The views/suggestions/recommendations expressed here in this article are solely by investment experts. Zee Business suggests its readers consult their investment advisers before making any financial decision.)