InvestorQ : Do you have any stock recommendations for 23 November? You can give me any intraday ideas or any delivery idea trading tips?
Aditi Sharma made post

Do you have any stock recommendations for 23 November? You can give me any intraday ideas or any delivery idea trading tips?

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diksha shah answered.
7 months ago
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The big story will be on the financial space. There have bene some qualitative changes proposed. Large NBFCs will now get room to convert into banks without too much of a wait and procedural hassles. This is likely to be positive for large NBFCs.

In addition, the proposal to allow corporates into banking and increase ownership limit in private banks to 26% from 15% will be positive for promoter control. I am suggesting two stocks to you based on this story as under.

· You can look to buy Bandhan Bank at Rs.348 for targets of Rs.380 in one month time frame. The stock is likely to benefit from the proposed hike in promoter stake from 15% to 26%. Clearly, the RBI now appears to be in favour of the idea.

· This is the bigger story. Buy Mahindra & Mahindra Finance at Rs.154 for targets of Rs.185 in one month time frame. There is the bank conversion story for NBFCs but they also get an indirect boost from the permission for corporates to enter banking space.

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