CESC Ltd(Buy)
The company has an integrated business model with strong cash generation from distribution business. Secured fuel supplies are an added advantage for the company. The stock is available at significant discount to peers. Buy with a target of Rs. 413.
Allahabad Bank(Buy)
The company has an integrated business model with strong cash generation from distribution business. Secured fuel supplies are an added advantage for the company. The stock is available at significant discount to peers. Buy with a target of Rs. 413.
Allahabad Bank(Buy)
Allahabad Bank is one of the smaller PSU bank to report goods numbers and can appreciate 20-25 per cent from current levels. The government has infused about Rs. 670 crore in the bank during the fourth quarter of last fiscal. The advances are likely to grow in excess of 20 per cent. Buy with a target of Rs. 270.
Federal Bank Ltd(Buy)
Federal Bank Ltd(Buy)
Interest rates are close to their peaks because of which huge amount of buying interest has been seen in frontline banking stocks. A return in risk appetite is likely to emerge in smaller banks. Federal Bank's focus is SMEs and retail segment that constitute 60 per cent of the loan book. Loan growth is likely at 22-24 per cent and there is decent upside going forward. Buy with a target of Rs. 500.
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