Now Reading: SBI Securities favours Axis, ICICI and select bank stocks
-
01
SBI Securities favours Axis, ICICI and select bank stocks
SBI Securities’ Sunny Agrawal said Axis Bank could continue to outperform, making it his preferred choice for investors seeking another Tier-1 private lender. He also favoured ICICI Bank for investors building positions…
The Story in Brief
SBI Securities’ Sunny Agrawal said Axis Bank could continue to outperform, making it his preferred choice for investors seeking another Tier-1 private lender. He also favoured ICICI Bank for investors building positions over the next three to six months.
Agrawal said HDFC Bank is reasonably valued, but its recovery could take two to three quarters, making it more suitable for investors with a longer horizon. He also backed Karur Vysya Bank after a strong quarter and Ujjivan Small Finance Bank, which posted solid first-quarter results. He placed Ujjivan SFB’s fair value at about Rs 85 and suggested keeping its portfolio allocation small.
The Indian Opinion
The easy narrative is that a broker’s preferred stocks are automatic buys. They are not. Agrawal’s view separates near-term choices from a slower HDFC Bank recovery and limits Ujjivan SFB exposure despite the Rs 85 fair value. These are opinions, not guarantees, and Business Today itself advises investors to consult a qualified financial adviser. The useful test is whether the banks deliver the earnings and recovery Agrawal expects over the next two to three quarters.
Source: businesstoday.in
This story was synthesised by AI from the source linked above.
