Buy, Sell or Hold: What should investors do with TCI Express, BoB and PNB?
The stocks that were in focus on Tuesday included TCS Express, which rose over 11 per cent, Bank of Baroda closed with gains of nearly 4 per cent, and PNB was up 2 per cent.
The Bulls remained in control of the D-Street on Tuesday, pushing the S&P BSE Sensex higher by nearly 400 points, while the Nifty50 closed above 18250 levels.
Mostly sectoral indices traded in sync with the benchmark and closed in the green. The broader indices also witnessed a breather after five days of the slide and posted decent gains.
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The stocks that were in focus included TCS Express, which rose over 11 per cent, Bank of Baroda closed with gains of nearly 4 per cent, and PNB was up 2 per cent. All stocks hit a fresh 52-week high on Tuesday.
Here's what Gaurav Garg, Head of Research at CapitalVia Global Research- Investment Advisor, recommends investors should do with these stocks when the market resumes trading today:
TCI Express: Buy
TCI Express has reported its highest-ever quarterly EBITDA margin, which took the stock to new highs on Tuesday. The growth for the quarter was propelled by a strong recovery in business activities of key customer industries and SMEs.
The new initiative by the government, including PM Gati Shakti National Master Plan will also help the company to grow in the future and will drive the demand in the future.
Bank of Baroda (BoB): Buy
Bank of Baroda is going to host a mega e-auction of properties across India, which will generate a huge interest to the bank.
Bank of Baroda announced a reduction of 25 bps in its home loan rates from 6.75% to 6.50% to make home-buying more affordable for customers. This rate will be available till December 31, 2021.
Punjab National Bank (PNB): Buy
Punjab National Bank has launched a ‘6S Campaign’ encapsulating different schemes such as – Swabhiman, Samruddhi, Sampark and Shikhar, Sankalp, and Swagat.
The objective is to drive a special awareness campaign for the development of financial services in the country and to accelerate credit growth, improve penetration of social security schemes and drive digital banking push, which can help the company to increase its reach among the customers.
PNB is also expected to post a robust Q2 results, which has contributed to the rise in prices of the stock.
(Disclaimer: The views/suggestions/advice expressed here in this article are solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)
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