nifty psu bank stocks to buy for long term

Following RBI Governor Sanjay Malhotra's announcement of a 25bps repo complaint cut, Dalal Street witnessed volatility connected Friday, February 7, 2025. The Sensex fell 198 points to 77,860, down 0.25 per cent, portion the Nifty50 closed astatine 23,559.95, losing 43.40 points oregon 0.18 per cent amid selling unit successful fiscal and vigor assemblage stocks, including ICICI Bank, ITC, Reliance, HDFC Bank, and SBI.

Sector-wise, the Nifty PSU Bank scale plummeted 1.38 per cent to 6,196.75 from the erstwhile time closing, marking the steepest decline. In the aftermath of this crisp correction successful the PSU slope index, investors whitethorn wonderment if it's an opportune clip to publication profits successful scrips similar State Bank of India (SBI) and Punjab National Bank (PNB)? Here's what analysts person suggested:

Nifty PSU Bank scale falls 1.38%; Maharashtra Bank, SBI among implicit 10 scrips are apical losers

The PSU Bank scale closed 1.38 per cent little astatine 6,196.75 amid selling unit successful 9 stocks falling much than 1 per cent. Here's the of these 9 stocks that dipped:

Analysts urge buying respective PSU slope stocks for agelong term; cheque retired targets

Analysts from home and planetary brokerages person recommended respective PSU Bank shares with a expected instrumentality of up to 42.58 per cent.

SBI Share Price Target

Mirae Asset Sharekhan has suggests buying State Bank of India shares for a people of Rs 980, which implies a imaginable upside of 33.07 per cent arsenic of Friday closing astatine Rs 736.40, apiece connected NSE.

Another brokerage JM Financial has a 'buy' stance connected the SBI Stock with a people of Rs 940. According to the brokerage, it could emergence up to 27.64 per cent successful adjacent 1 year.

While, planetary brokerages person mixed standing connected SBI shares. Here's a summary:

PNB Share Price Target

Analysts from Motilal Oswal brokerage person recommended buying Punjab National Bank shares for a people of Rs 125, which bespeak a instrumentality of 25.96 per cent arsenic of CMP of 99.23. While JP Morgan has maintained an 'overweight' standing connected the PNB banal with a people of Rs 140 which implies a imaginable upside of 41.08 per cent. Jefferies has maintained a 'buy' telephone connected the banal with a people of Rs 120.

Bank of Baroda Share Price

Mirae Asset Sharekhan besides recommends buying Bank of Baroda (BoB) shares for a people of Rs 280. According to the brokerage, the banal whitethorn output up to a instrumentality of 29.47 per cent. Axis Securities' analysts besides recommended buying the BoB banal astatine Rs 222 for the aforesaid target.

(Disclaimer: The views/suggestions/recommendations expressed present successful this nonfiction are solely by concern experts. Zee Business suggests its readers consult their concern advisers earlier making immoderate fiscal decision.)