PSU Stocks To Buy: 5 PSUs Fell Up To 16% In 30-Days, Buy For TP Rs 300-Rs 1665: Brokerages

Leading brokerages like Motilal Oswal and Axis Securities have picked 5 PSU bank stocks and recommended buy call. These stocks witnessed up to 16% decline in last 30-days. These stocks are Bank of Baroda, Canara Bank, Mahanagar Gas, State Bank Of India, and Coal India. Board of Directors of the bank stock recently gave their nod to 1:5 stock split thus splitting each share into 5 new shares to boost liquidity and making them more affordable and accessible. Check details below:

1. Buy Bank of Baroda Shares: Motilal Oswal has given buy rating to public sector lender Bank of Baroda shares with target price of Rs 310 per share. Current market price of Bank of Baroda stock on BSE is Rs 253.80 per share with intraday fall of 2.10%. If you buy Bank of Baroda shares now at current market price of Rs 253.80 per share, you can get potential surge of 22.14%. Bank of Baroda has a market capitalisation of Rs 1,31,249.17 crore. Bank of Baroda shares fell 10% in last 1-week, gained 59% in last 1-year, and offered return of 140% in last 2-years.

2. Buy Canara Bank Shares: Motilal Oswal has recommended buy call to Canara Bank shares with target price of Rs 650 apiece. Current market price of Canara Bank shares on BSE is Rs 548.80 apiece with intraday gain of 0.29%. The company has a market capitalisation of Rs 99,559.47 crore. Canara Bank shares declined 8.20% in last 1-week. If you buy Canara Bank stock now at current market price of Rs 548.80 apiece, you can fetch likely return of 18.44%. Canara Bank share gained 50% in last 6-months and offered return of 95% in last 1-year. In last 2-years, Canara Bank stock gained 150% and 246% in last 3-years.

3. Buy Mahanagar Gas Shares: Motilal Oswal has buy rating to Mahanagar Gas share with target price of Rs 1665 apiece. Current market price of Mahanagar Gas stock on BSE is Rs 1264.55 per share. If you buy Mahanagar Gas shares at current market price of Rs 1264.55 apiece, you can fetch potential gain of 31.67%. The 52-week high price of Mahanagar Gas shares on BSE 1579.00 per share and 52-week low price is Rs 909.10 per share, respectively. The company has a market capitalisation of Rs 12,490.94 crore. Mahanagar Gas shares declined 16% in last 1-month, gained 20% in last 6-months, soared 30% in last 1-year, and offered gain of 68% in last 2-years.

4. Buy State Bank of India Shares: Axis Securities has assigned buy call to State Bank of India share with target price of Rs 860 per share. Current market price of SBI Share on BSE is Rs 732.00 apiece with intraday fall of 1.18. The 52-week high price of State Bank of India shares on BSE is Rs 793.50 per share and 52-week low price 501.85 per share, respectively. The company has a market captilisation of Rs 6,53,281.59 crore. State Bank of India shares declined 7% in last 1-week and gained 41% in last 1-year. In last 2-years, State Bank of India stock surged 51% and 146% in last 5-years. If you buy SBI stock at current market price of Rs 732.00 per share, you can get potential return of 17.49%.

5. Buy Coal India Shares: Axis Securities has recommended buy call to Coal India shares with target price of Rs 510. Current market price of Coal India share on BSE is Rs 415.00 apiece with intraday decline of 2.99%. The 52-week high price of Coal India stock on BSE is Rs 487.75 per share and 52-week low price is Rs 207.70 per share, respectively. The company has a market cap of Rs 2,55,753.23 crore. Coal India shares declined 13% in last 1-month, soared 89% in last 1-year, and offered return of 140% in last 2-years. If you buy Coal India stock now at current price of Rs 415.00 per share, you can fetch likely return of 22.89%.

Disclaimer: The stocks have been picked from the brokerage report of Motilal Oswal and Axis Securities. Greynium Information Technologies, the Author, and the respective Brokerage house are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to consult with certified experts before making any investment decision.