This small bank stock of ₹74 will bring big earnings! 3 leading brokerage houses turned bullish

These days, the eyes of investors and experts are fixed on the banking sector in the Indian stock market. Meanwhile, a huge stir is being seen among the market giants regarding a small priced bank share. This banking stock, which is trading at just around Rs 74, can give bumper returns to investors in the coming days. Three big and reputed brokerage houses of the country are looking very positive about the fundamentals and growth outlook of this stock. Giving his ‘Buy’ rating on this stock, he has increased its target price, due to which there is a race among retail investors to buy this stock. Why are brokerage houses liking this banking? Stock market analysts believe that the recent quarterly results of this bank have been much better than expected. There is a continuous improvement in the asset quality of the bank and a significant decline has been recorded in its Gross NPA (GNA). With this, the loan credit growth and deposit base of the bank has strengthened. Three big brokerage firms have said in their latest research report that this stock looks very attractive at the current valuation and there is very little downside risk from here, while there remains a huge scope for upside. Experts have given a strong target price of up to ₹ 85. Looking at the chart structure and business growth of this stock, all three brokerage houses have adopted a bullish stance on it. According to experts, this stock can easily touch the level of Rs 85 in the short to medium term. If compared with the current market price, investors can get a huge profit of up to 15 percent. Even on the technical charts, the stock has shown signs of breakout above its important moving averages, which confirms that fresh buying momentum may further intensify in the coming weeks. What is the advice of market experts for small investors? If you are also looking for a cheap and strong banking stock for your portfolio, then this stock of brokerage’s choice can prove to be a great option. However, market experts also say that before investing money in any penny or smallcap category banking stock, investors must take advice from their financial advisor. It is very important to keep an eye on the bank’s management commentary and the trend of interest rates in the coming time, but considering the current sentiment, this stock has come on the radar of both short term traders and long term investors.