Sbi Stocks: Top Picks! SBI, Airtel among the 10 stocks that got the highest number of renewals | Rare Techy

With banks leading the way in the ongoing run on Dalal Street, state-owned PSU lender (SBI) has seen the most target price revisions in recent times.

Of the 38 analysts covering SBI, which reported its highest quarterly profit after tax (PAT) of Rs 13,264.62 crore in Q2, at least 10 of them have updated their target prices in the last month. have done, Trendlyne data shows. . Average targets show a potential upside of 14%.

SBI is also a consensus buy on Dalal Street with no sell reviews, only 2 offers and 36 buy reviews.

, another consensus pick with 26 buy calls, earned 8 price target updates amid optimism over 5G and rising tariffs in a mixed telecom market. The stock is up 21% year-to-date (YTD).

Despite receiving 8 upgrades, shares of pharmaceutical major Lupine are still down 20% this year. Similarly, with 6 updates, shares

are down over 14% YTD.

It contains the latest updates

, , M&M and Cipla.

What should investors do?

Both domestic and foreign institutional investors (FIIs) have been bullish on banks. Against a 7% gain for the Nifty in 2022, the banking index has risen 21% over the period.

“We maintain the investment thesis that we are still at the beginning of the current credit cycle and the prospect of a sharp deterioration in asset quality is unlikely. We believe that tier-2 banks such as public sector and regional banks are better than the top banks. priority,” Kotak Institutional Equities said.

When Kotak buys shares on SBI,

Axis Bank, DCB Bank, and , global brokerage BofA Securities prefers PSU banks.

“We see BOB continuing to lead the PSB turnaround story beyond SBI on a diversified/safer book and a more advanced digital strategy. We still remain positive on SBI (Neutral) but see a narrowing scope of positive surprises,” BofA analyst Anand Swaminathan said. .

After September quarter earnings, Ambit Capital upgraded IOCL, Trent, Zomato,

and when BPCL, , HPCL, Voltas and .

(Disclaimer: The suggestions, recommendations, views and opinions are the experts’ own. They do not represent the views of The Economic Times.)