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There is a plan to buy banking stocks, the brokerage firm has advised to buy these 4 stocks

Multibagger Stock: Brokerage firm Sharekhan in its latest Q2FY2022 result preview has suggested buy/buy shares of ICICI Bank, HDFC Bank, Axis Bank and SBI from large cap banking sector. Know what the brokerage firm has to say about this.

The brokerage firm said, “We are positive on private banks and select PSU banks. Within private banks, our pecking order is ICICI Bank, HDFC Bank, Axis Bank and Kotak Mahindra Bank. Among PSU banks, SBI is our There are priorities, but we believe that one can find value in other large PSU banks like Bank of Baroda as well.”

ICICI Bank has been given ‘Buy’ rating by the brokerage firm. According to Sharekhan, ICICI Bank’s net interest margin will remain stable at 3.8 per cent. On the other hand, the net interest margin for Axis Bank is expected to remain stable at 3.5-3.6%. According to Sharekhan, asset quality in PSU banks is expected to stabilize and private banks are expected to show an improving trend.

The brokerage said, “Private sector banks are expected to perform better keeping credit costs under control, with relatively better growth in advances and lower provisions. Within private banks, ICICI Bank, Kotak Mahindra Bank and HDFC Bank are among the peers. are in a better position than that.”

Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. Anyone from ABPLive.com Also investing money is never advised here.)

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