BANKINDIA.NSE Bank of India
485
129.30
2.30
(1.81%)
| Watchers | 485 |
| 52-Wk Low | 69.50 |
| 52-Wk High | 157.95 |
| Market Cap | 577.28B |
| Volume | 11.54M |
| 52-Wk High | 157.95 |
| 52-Wk Low | 69.50 |
Buy Union Bank of India; target of Rs 165: Motilal OswalMoneycontrol • 7 days ago
Motilal Oswal is bullish on Union Bank of India has recommended buy rating on the stock with a target price of Rs 165 in its research report dated May 12, 2024.
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Analysts at Morgan Stanley expect the stock to remain weak in the near-term as there was no change in asset-quality estimates for FY25
Over the short term, the Nifty 50 may trend towards 22,650. Support is positioned at 22,350 on the lower end.
BOI has stated that it is currently in the process of lodging an appeal with the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC) against the order.
The central bank also imposed a penalty on Indostar Capital Finance for rule violations.
Around 70% of stocks in Nifty MidCap 100 and Nifty SmallCap 100 indices witnessed a rise in mutual fund stakes in December 2023 quarter, according to Ace Equities data.
Overall, the Nifty 50 will remain in a consolidation mode as long as it stays below 22,100 mark, experts said, adding the index is likely to take support at 21,500 level.
Morgan Stanley has stuck to its 'overweight' rating on the stock with the target at Rs 135 a share