Shilpa Rout, an analyst from Prabhudas Lilladher, recently provided valuable insights on potential investment opportunities in the banking and gaming sectors during an interview with CNBC-TV18. Her analysis sheds light on two stocks that investors should consider adding to their portfolios: State Bank of India (SBI) and Delta Corp.
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In the banking sector, Shilpa Rout emphasized that SBI stands out as a leader. With a strong performance in recent times, SBI has become an attractive investment option. Currently trading around Rs 605, SBI has the potential to reach a target range of Rs 632-635. Once it maintains its position above Rs 605, investors can expect positive momentum.
Rout suggested that SBI is a stock that should be closely monitored, as it has already witnessed a remarkable gain of over 5 percent in the past month.
Moving on to the gaming sector, Delta Corp is an interesting stock that presents a buying opportunity. Although there haven't been any significant developments or concrete news, the support zone for Delta Corp has remained intact in the range of Rs 70-175. This stability offers a favorable risk-reward ratio for investors. Currently, Delta Corp is trading at a lower price, making it an opportune time to accumulate the stock for potential gains. Rout suggested that investors consider long-term positions, as Delta Corp has the potential to reach targets of Rs 225-250.
It's worth noting that Delta Corp experienced a decline of more than 24 percent in the past month, indicating the potential for a rebound.
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