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Bloomberg Quint

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Image Credit: Bloomberg Quint

Buy, Sell Or Hold PSU Stock: Canara Bank, Bharat Dynamics And Bank Of Baroda In Focus

  • Market experts recommend a hold strategy for PSU stocks like Bank of Baroda, Canara Bank, and Bharat Dynamics Ltd.
  • Bank of Baroda is seen as a solid hold by analysts due to its favorable valuations and fast growth within the sector.
  • Canara Bank is highlighted as one of the strongest banks in the PSU space with cheap valuations and stable asset quality, suggesting a hold for one to two years.
  • For Bharat Dynamics Ltd., a defense PSU, caution is advised in the near term but long-term conviction remains, with a rebound target set at Rs 1,900.

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