Stock recommendations for 22 July from MarketSmith India

MarketSmith India recommends buying City Union Bank at around Rs 229 to Rs 232 with a target of Rs 280 in two to three months and a stop loss of Rs 215, citing its strong retail and SME franchise, healthy asset quality, and conservative lending approach. It also recommends buying State Bank of India at around Rs 1,034 to Rs 1,049 with a target of Rs 1,150 and a stop loss of Rs 995, highlighting its leadership in digital banking, strong CASA base, and attractive valuation versus peers. On July 21, the Sensex fell 238 points to 77,470.11 and the Nifty 50 declined 51 points to 24,187.70 amid West Asia tensions and rising crude prices, though mid-cap and small-cap segments outperformed.