In the special show on Zee Business, Sumeet Bagadia, Executive Director at Choice Broking is bullish on public sector banking scrip. The expert held that investors should keep an eye on PSU Banking stocks as they are likely to see good momentum in the near-term.
Likewise, in view of the anticipated momentum, the analyst bets on a stock which is currently trading at Rs 820.35, up as much as 0.92 per cent or Rs 7.5 per share.
Meanwhile, the broader PSU Banking pack also saw buying action with the gauge up 1.75 per cent as at the last count. On a year-to-date basis index has climbed over 10 per cent.
The stock as of the last trade traded with a volume of nearly 1.57 million equity shares.
Why Bagadia is bullish on SBI?
The expert held that the stock talked about which is State Bank of India (SBI) is signalling breakout and it may likely show an upmove.
Support levels for trade
For short term trade, support level is placed between Rs 805-806.
Stocks to buy for short term
Analyst suggest buying SBI keeping a stop loss at Rs 805 for the short term target of Rs 840 and Rs 850. Further, on a positional basis, the stock is also expected to breach Rs 900 levels.
Anurag Dhole is a seasoned journalist and content writer with a passion for delivering timely, accurate, and engaging stories. With over 8 years of experience in digital media, she covers a wide range of topics—from breaking news and politics to business insights and cultural trends. Jane's writing style blends clarity with depth, aiming to inform and inspire readers in a fast-paced media landscape. When she’s not chasing stories, she’s likely reading investigative features or exploring local cafés for her next writing spot.
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
