5 Financial Stocks to buy in June 2024

Published : 11 June 2024

Ujjivan Small Finance Bank

It is a small finance bank and caters to the banking, financing, and insurance needs of customers. Its shares are trading at around Rs. 50 at present with ROCE and ROE of 4.88% and 22.82% while the OPM is noted at 8.71%. 

Power Finance Corporation

The company operates in the power sector financing vertical.  It is currently trading around Rs. 483 with an ROCE of 67.44% and an ROE of 19.53%. Its OPM is 100.49%.

Indian Overseas Bank

It is a renowned player in the Indian banking industry with years of experience. It is currently trading around Rs. 66 with an ROCE of 1.96% and an ROE of 9.67%. Its OPM is -12.46%.

HDFC Bank

It is the largest private-sector bank in India. It is currently trading around Rs. 1570 with an ROCE of 2.85% and ROE of 14.11%. Its OPM is around -20.46%. 

Indian Railway Finance Corp

Indian Railway Finance Corporation is a Miniratna and provides financing for developing the Indian Railways. The company’s shares are trading at around Rs. 174 at present with ROCE and ROE of 53.32% and 13.03 while the OPM is noted at 99.50%.