[ad_1] Brokerage firm UBS has upgraded its ratings on two of the largest PSU Bank stocks, State Bank of India Ltd. and Bank of Baroda Ltd. and raised their price targets by up to 22%. The brokerage has upgraded SBI to “neutral” and raised its price target to ₹840 apiece, implying an upside potential of […]
Trade Setup for November 8: Nifty looks for a clear direction as all eyes back on Jerome Powell – CNBC TV18
[ad_1] The Indian equity markets witnessed profit booking on Thursday after a huge surge over the last two trading sessions. A 300-point drop after hitting an intraday high of 24,503.35 may not have pleased the Nifty bulls, who are now positioning themselves for the outcome from the US Federal Reserve’s policy decision. The Nifty 50 […]
SBI is top banking sector pick for Nomura on attractive valuations, asset quality – CNBC TV18
[ad_1] India’s largest lender, State Bank of India is the top banking sector pick for brokerage firm Nomura, who has maintained its “buy” recommendation on the stock with a price target of ₹980. SBI shares have been flat over the last one month and Nomura’s price target now implies a potential upside of 25% from […]
‘Sell SBI’ says Goldman Sachs after downgrading the lender citing multiple headwinds – CNBC TV18
[ad_1] Brokerage firm Goldman Sachs has downgraded State Bank of India Ltd., India’s largest lender to “sell” from its earlier rating of “neutral.” The brokerage has also cut its price target on SBI to ₹742 from ₹841 earlier. The revised price target implies a potential downside of 10% from Thursday’s closing levels. Goldman Sachs believes […]