SBI bank is a public sector bank which has performed quite good in market. Bank has participated in all major activities started by Government of India. Bank profit for last quarter stood at almost 1K crore. The company is ranked 232nd on the Fortune Global 500 list of the world’s biggest corporations as of 2016. Government of India holds almost 60% stake in SBI which means the Government of India is the principle promoter of SBI. Now, SBI has decided to merge its all subsidiaries which would give more value to the stock. So, any long-term investor can buy the stock with a target of Rs.335.
Power sector is remained as a most important sector for any developing or developed country. In india, results of power sector has always outperform the market and will continue its trend. But, Government of India has given no major relief to the power sector for reducing their debt and increasing electricity rates. But now, Government of India is looking every sector step by step to make their functionality at maximum and make them capable to contribute in Growth of the country. So, I think investors can buy power stocks or stock related to power sector work if the company is showing good quarterly results. And therefore I would recommend to buy stocks like Reliance power and tata power with target of Rs.108 and Rs.125 respectively.
As the growth of our nation(India) is taking speed, demand of Iron, alluminiom, copper and all other metals would also increase. Metal companies always remained as a strong support in GDP growth. Companies like Vedanta has shown good quarterly results and they have also strengthened their portfolio. In my opinion, companies like Vedanta, Hindalco and Tata steel could give almost 35 percent returns in future from current levels.
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