Yes Bank, PNB to IDFC First Bank: Experts are bullish on stocks below ₹100

Stock market experts further said that ease in the dollar index has made overseas borrowing costlier for large corporates and hence such corporates are coming back to India. banking system for credit line. This is also helping PSU banking stocks in the medium to long term. However, in the private segment, banks that have focused on tech-enabled lending are going to score higher than their peers and Axis Bank, ICICI Bank, HDFC Bank and Banks. IDFC First Bank is expected to benefit from this emerging business model in India. for retail investors Who? Looking to tap the opportunities available in the banking sector but have limited funds to invest, experts recommend buying mid-sized PSU and private bank stocks. he said that yes bank, PNBTo buy shares of IDFC First Bank, Bank of Baroda etc.

Favoring the banking theme for the medium to long term, Sandeep Pandey, business partner, MK Global Financial Services, said, “The idea of ​​the finance ministry to handle bad loans through ARCs is going to have a big impact on the Indian banking system. Now, The system is providing opportunities to lenders who are under stress of bad loans. Now, bad loans will not compel any bank to continue provisioning for a long time and remain under NPA stress.”

former vice president of HDFC Bank Ltd said that the bad loan initiative by the central government has equipped state-owned banks to match with private players. Hence, the market is positive on PSU banks as they are available at a higher discount than their peers in the private sector.

On why bank stocks will continue to rally, Chandan Taparia, Derivatives & Technical Analyst, Motilal Oswal said, “In view of the rise in US dollar, large corporates had gone overseas for credit lines, but after the easing in US dollar, These are big corporates. It is expected that there will be a comeback in the Indian banking system. This is going to impact the margins of Indian banks positively. Also, the high interest rate regime is working in favor of Indian banks. Hence, medium Banks’ profitability and margins are expected to improve for the period. Long term and hence should continue investing in banking stocks as the bank theme is going to work for the medium to long term.”

stock in focus

Motilal Oswal expert further added that tech-enabled private lenders are going to have an advantage over their peers and hence axis Bank, ICICI BankHDFC Bank and IDFC First Bank shares are expected to be in focus.

Sandeep Pandey of MK Global Financial Services recommends Yes Bank to high risk traders, saying, “High risk investors can look at Yes Bank stock as it is about to emerge. One of the biggest beneficiaries of the bad loan initiative by the finance ministry, his stock may go up 60 per share level over the next four to five years, giving at least 200 per cent return to Yes Bank shareholders in this time frame.”

stocks to buy today

Saurabh Jain, vice-president-research, SMC Global Securities, said, “PSU banks can look at SBI, Canara Bank and Bank of Baroda, while among private sector banks, I recommend Axis. Bank, ICICI Bank and HDFC Bank, if the perspective is medium to long term.”

On stocks for retail investors who have limited amount to invest, Chandan Taparia of Motilal Oswal said small retail investors can look at buying IDFC First Bank and Bank of Baroda if their risk appetite is high , then Yes Bank can also be a good bet. medium to long term.

on bank stocks to buy below 100, Manoj Dalmia, Founder & Director, Proficient Equities said, “Small retail investors tend to buy Punjab National Bank (PNB) and Bank of Maharashtra shares at current levels. PNB share price expected to touch double digits in the long term.” while the Bank of Maharashtra share price may go up to 40 in the short to medium term, giving returns of over 30 per cent to its shareholders.

Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint. We advise investors to do due diligence with certified experts before making any investment decision.