Dec 03 2023, 10:28
Nifty Financial Services stocks: Will sectoral leadership be regained by private banks:
It has been more than three years that some of the biggest wealth creators in the private sector banking space have not been able to deliver much to their shareholders. Each one of them had its own set of issues to deal with. One where a big merger was getting planned and executed, others have seen a change at the helm and had to go through a process of shareholding adjustment to meet the regulatory requirements. Is this phase of going through adjustments over and will they get their mojo back.
One of the reasons why private sector banks have been going through consolidation has been that they were over owned by FPI and in the last two years, there has been a good amount of selling by FPI and they will sell what they own the most. Over a period of time, a part of this selling has been absorbed by the ETF, both domestic and index funds which are based on Indian stocks. There is a high probability that after this phase of readjustment, some private sector banks might get their mojo back.
recommendations
NIFTY Financial Services Stocks
Upside Potential Dec 1, 2023
Search in table
Company Name
ICICI Bank
Avg Score
9
Reco
Strong Buy
Analyst Count Upside Potential
41
27.3
Inst Stake Market Cap Rs Cr
53.8
655555
Company Name
581
Avg Score
Reco
Buy
Analyst Count
Upside Potential
25.7
Inst Stake
271
Market Cap Rs Cr
503,973
Company Name
HDFC Barsk
Avg Score
Reco
Buy
Analyst Count
41
Upside Potential Inst Stake
Market Cap Rs Cr
24.5
415
1,183,245
Company Name
Bajaj Finance
Avg Score
Reco
Buy
Analyst Count
31
Upside Potential
24.0
Inst Stake
21.0
Market Cap Rs Cr
440.335
Company Name
SB1 Cards
Avg Score
S
Reco
Hold
Analyst Count
24
Upside Potential
18.4
Inst Stake
21.1
Market Cap Rs Cr
70.269
Company Name Avg Score
Kotak Mahindra Bank
Reco
Buy
Analyst Count
35
Upside Potential Inst Stake
16.8
Market Cap Ro Cr
Company Name Avg Score
48.7
348,911
SBI Life
Reco
Strong Buy
Analyst Count
30
Upside Potential
12.9
Inst Stake Market Cap Ru Cr
26.3
143,692
Company Name
ICICI Prudential Life
Avg Score
Reco
Buy
Analyst Count
31
Upside Potential
10.5
Inat Stake
Market Cap Rs Cr
Company Name
Avy Score
15:3
80 991
Shriram Finance
10
Reco
Buy
Analyst Count
32
Upside Potential
96
Inst Stake Market Cap Rs Cr
514
75,384
Company Name Avg Score
Axis Bank
Reco
Buy
Analyst Count
42
Upside Patential
8.0
Inst Stakes Market Cap Rs Cr
627
331,286
Company Name
Cholamandalam investment & Finance
Avg Score
Rece
Buy
Analyst Count Upside Potential
33
6.5
Inst Stake Market Cap Rs Cr
308
93,748
Company Name Avg Score
HDFC Life
Reco
Bu
Analyst Count Upside Potential
32
6.0
Inst Stake
24.2
Market Cap Rs Cr
148,557
Company Name
Bajaj Finserv
Avg Score
Reco
Buy
Analyst Count
10
Upside Potential
4.0
Inst Stoke
10.1
Market Cap Rs Cr
266,765
Company Name
Avg Score
ICICI Lombard
7
Reco
Buy
Analyst Count
21
Upside Potential
20
Inst Stake
Market Cap Rs Cr
32.5
72,722
source: et
Dec 03 2023, 10:49