You asked: Is Indian Bank share a good buy?

The brokerage believes that Indian Bank is one of the best mid-cap PSBs, with strong capital ratios and liability profile, as well as the ability to deliver strong return ratios as growth accelerates. It retains Buy with a TP of Rs220, based on 0.7x Dec’23E ABV, offering 38% upside from CMP.

Is Indian Bank share a good investment?

Investment Rationale

Valuations remain reasonable post the recent marketwide correction. Hence, it retains Buy with a revised TP of Rs220 (0.7x Dec’23E ABV) from earlier Rs235. Key risks: slow growth/higher NPAs in the SME segment due to a fresh Covid wave and delay in macro pick-up.

Which bank share is best to buy now?

Top 10 Bank Stocks to Buy in India – List of Best Bank Shares to Buy

Stock LTP (Rs.) 1 Year Change%
Stock HDFC Bank LTP (Rs.) 1510.70 1 Year Change% -2.41
Stock ICICI Bank LTP (Rs.) 751.30 1 Year Change% 23.19
Stock SBI LTP (Rs.) 498.40 1 Year Change% 27.96
Stock Kotak Mahindra Bank LTP (Rs.) 1841.75 1 Year Change% -5.53

What is the future of Indian Bank share price?

Promoters held 79.86 per cent stake in the company as of 30-Sep-2021, while FIIs owned 2.41 per cent, DIIs 10.52 per cent.

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Which Indian share is best to buy now?

Stocks to Buy Today: Best Shares to Buy in India

Name LTP Low
Axis Bank 730.30 725
B P C L 333.05 331
Bajaj Auto 3,478.90 3,435
Bajaj Finance 6,627.80 6,592

Why are bank shares falling?

Punters on Dalal Street have highlighted various “technical” reasons for the underperformance, including extant overweight positions of institutional investors and selling by foreign portfolio investors (FPIs). In fact, bank stocks constitute the largest holding for FPIs and recently they have been selling loads of it.

Can banks share target prices?

Kotak Securities has buy call on Canara Bank with a target price of Rs 234. The current market price of Canara Bank is Rs 225.5.

Are bank shares a good investment?

Shares in Australia’s major banks offer strong long-term returns that can offset the borrowing pain caused by rising interest rates, it has been suggested.

Are bank stocks a good buy?

The cyclicality of bank stocks

Banks can be a great place to invest, especially in strong economies. When consumers are confident to spend and unemployment is low, profits tend to grow and loan defaults are typically kept in check.

Is IOB share a good buy?

As on 23rd Feb 2022 IOB Share Price closed @ 18.65 and we RECOMMEND Sell for LONG-TERM with Stoploss of 20.42 & Strong Sell for SHORT-TERM with Stoploss of 20.65 we also expect STOCK to react on Following IMPORTANT LEVELS.

Why are banks shares up today?

Bank stocks rally as traders cover shorts

Analysts said sentiment in banks improved after the RBI’s guided for lower inflation, which raised hopes that the central bank could resort to less aggressive rate hikes going forward.

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Which share will grow in future?

growth stocks for future

S.No. Name Qtr Profit Var %
1. Krsnaa Diagnost. 331.83
2. Bhansali Engg. -44.40
3. Supreme Petroch. -4.13
4. Tips Industries 60.86

Which share is best for long term?

Here are a few of the best stocks to buy in India for the long term.

  • Reliance Industries. …
  • HDFC Bank. …
  • Hindustan Unilever. …
  • Kotak Mahindra Bank. …
  • Bajaj Finance. …
  • Bharti Airtel. …
  • Asian Paints. …
  • SBI.