According to stock market experts, investors are expecting strong second quarter results as overall retail credit growth may accelerate further in the run-up to the festive season, led by mortgages. … Technically, SBI share price has given fresh breakout at ₹485 and it may go up to ₹525 in short-term.
Jain said that the fall in SBI shares has been triggered by the overall market correction creating selling pressure across the board. SBI shares also fell because of this reason. … If SBI shares breach the Rs 380 levels, an upside will be open for levels between Rs 400 and Rs 420, he further said.
Today’s fall is purely sentiment-led, because of the developments at RBL Bank. But the bigger trigger is the heavy selling of bank shares by foreign institutional investors (FIIs). Remember, foreign funds have overweight positions in large banks, and so when they start dumping shares, other investors take fright.
Is SBI a good buy?
“SBI has done well in managing its asset quality and we expect the superior trend to sustain, reflecting the quality of its loan book. Our concerns on loan growth are well-factored at the current valuation, making it a good entry point.
It maintains a BUY on the stock with a target price of Rs 645/share (SOTP basis core book at 1.3x and subsidiaries at Rs 211). Promoters held 57.62 per cent stake in the company as of 30-Sep-2021, while FIIs owned 10.55 per cent, DIIs 24.17 per cent.
Top 10 Bank Stocks to Buy in India – List of Best Bank Shares to Buy
|2||Kotak Mahindra Bank|
According to stock market experts, this rally in SBI stocks is mainly due to the yesterday’s Union Cabinet’s clearance to the proposal of ₹30,600 crore government guarantee for security receipts issued by the National Asset Reconstruction Company (NARCL) as part of resolution of bad loans.
What is SBI stand for?
|SBI||State Bank of India|
|SBI||Sustainable Business Initiative (various organizations)|
|SBI||Small Business Intelligence (Australia)|
|SBI||Siberia Airlines (ICAO code)|
Tata Motors share price began to rise after the company announced its plans to raise Rs 7,500 crore from TPG Rise Climate, along with its co-investor ADQ. … The price rallied to the company’s 52-week high of Rs 532.40, before dipping on Thursday.
Stocks to Buy Today: Best Shares to Buy in India
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Is Tata Motors a good buy?
However, they said that Tata Motors is a quality stock and weak year-on-year result is mainly due to the recent Covid-19 lockdown and restrictions imposed across nation. … But, Tata Motors shares have strong support at ₹440 levels and any dip in the stock from here should be seen as buying opportunity.
Coal india has crashed 47% in the last 10 years
The stock has fallen more than 50% since 2010. This has to do with the company depleting financial performance over the years. The state owned company’s profit fell 23.9% in FY21 marred with low demand from both power and metal sector due to Covid pandemic.
List of Best Blue Chip Stocks to Consider
|Company Name||Industry||Share Price as of 2nd October (NSE)|
|HDFC BANK||Banking||Rs 1,511.70|
|Infosys||Information Technology||Rs 1,703.55|
|Coal India||Mining/Minerals||Rs 156.10|