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Private banks may outperform PSUs after rally; ICICI Bank, Kotak among top picks: Digant Haria
Private sector banks could outperform PSU banks after a strong rally in public lenders, according to Digant Haria of GreenEdge Wealth Services. He said PSU banks benefited from improving asset quality and growth cycles, but valuations now favour private lenders. Haria prefers large private banks such as ICICI Bank, Kotak Mahindra Bank and Axis Bank. He also sees opportunities in microfinance firms and gold loan companies like Muthoot Finance and IIFL Finance. Disclaimer: The views and tips expressed by investment experts on CNBCTV18.com are their own, not of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
Stock Market Live: GIFT Nifty signals positive start; M&M, TCS, Anand Rathi, Power Grid in focus
Sensex Today | Stock Market LIVE Updates: Stocks like Tata Consultancy Services, Anand Rathi Wealth, Muthoot Microfin, Dixon Technologies, Vikram Solar, Power Grid Corporation of India, Havells India, Torrent Pharmaceuticals, Container Corporation of India, GAIL India, Pace Digitek, Unichem Laboratories, Sunteck Realty, and IC Electricals Company will be in focus on July 10.
Kotak Mahindra Bank stock rises as brokerages bullish after Deutsche Bank India retail business acquisition
Brokerages remained constructive on Kotak Mahindra Bank after its proposed acquisition of Deutsche Bank India's retail, private banking and wealth management business. Analysts said the deal strengthens Kotak's retail franchise, appears reasonably priced and could be earnings or return-on-equity accretive.