• SENSEX
    NIFTY 50
Market

These 9 banking stocks may rise 15% to 52% in 2020, according to Motilal Oswal

Updated : 2020-01-15 09:43:20

Despite the slowdown in the economy, the banking index rose by 20 percent in 2019. While 2019 was a bumper year for major private-sector lenders, public sector lenders continued to slack. However, most analysts expect banks to continue to perform well in 2020. Motilal Oswal lists 9 banks that are expected to rise between 15 percent and 52 percent this year. Here they are:

 Union Bank of India:  The brokerage projects an upside of 52 percent for the stock with a target price at Rs 80.
Union Bank of India: The brokerage projects an upside of 52 percent for the stock with a target price at Rs 80.
 South Indian Bank:  The brokerage forecasts an upside of 45 percent in the stock. Target Price: Rs 15
South Indian Bank: The brokerage forecasts an upside of 45 percent in the stock. Target Price: Rs 15
 Indian Bank : As per the brokerage, the stock is likely to rise 31 percent in 2020. Target Price: Rs 130
Indian Bank: As per the brokerage, the stock is likely to rise 31 percent in 2020. Target Price: Rs 130
 Bank of India:  Motilal Oswal sees a 31 percent upside in the stock. Target Price: Rs 90
Bank of India: Motilal Oswal sees a 31 percent upside in the stock. Target Price: Rs 90
 Canara Bank:  The public sector lender is likely to see an upside of 29 percent. Target Price: Rs 278
Canara Bank: The public sector lender is likely to see an upside of 29 percent. Target Price: Rs 278
 SBI:  According to MOSL, the biggest lender may see a 29 percent upside in 2020. Target Price: Rs 425
SBI: According to MOSL, the biggest lender may see a 29 percent upside in 2020. Target Price: Rs 425
 Bank of Baroda:  As per the brokerage, the stock may rise 23 percent in 2020. Target Price: Rs 120 per share
Bank of Baroda: As per the brokerage, the stock may rise 23 percent in 2020. Target Price: Rs 120 per share
 Federal Bank : The stock is expected to advance 22 percent in 2020. Target Price: Rs 110
Federal Bank: The stock is expected to advance 22 percent in 2020. Target Price: Rs 110
 ICICI Bank:  The private sector lender can add 16 percent in 2020, the brokerage said. Target Price: Rs 625
ICICI Bank: The private sector lender can add 16 percent in 2020, the brokerage said. Target Price: Rs 625
Live TV

recommended for you

Ask Our Experts CNBC TV18

Advertisement