By Debdeep Gupta | 22 Oct, 2024
Diwali Picks | Bank of India, NCC, Reliance Industries, SBI among HDFC Securities' top bets
Bank of India | HDFC Securities highlights Bank of India's strong capital adequacy ratio, improved net interest margins (NIMs), and enhanced asset quality, calling its valuation of 0.6 times FY26 adjusted price-to-book value an "attractive entry point." The brokerage recommends buying the state-run lender within the Rs 96 - 106 price band, with a target price of Rs 132 by the next Diwali. Key risk...