Top Markets Bullish On Banking Stocks: Bank Of Baroda & SBI In Focus. Here's Why?
Banking stocks are gaining momentum, with particular attention on Bank of Baroda and SBI. Kiran Jani, Head of Technical Research at Jainam Broking, shares his insights on Bank of Baroda’s positive momentum, suggesting a target price (TP) of ₹260 with a stop loss (SL) of ₹234, recommending investors to go long. For SBI, Kiran Jani expects strong performance, especially after a gap-up opening. Gaurang Shah, Senior VP at Geojit Financial Services, weighs in on the recent correction in PSU banks, attributing it to FII activity. He highlights that as India is on track to becoming a trillion-dollar economy, banks and financial institutions will play a key role in driving growth. Gaurang Shah is optimistic about the banking sector’s long-term prospects. Watch this video to get expert analysis on why Banking & Finance stocks are set to perform well!