The Economic Times daily newspaper is available online now.

    Go for top-tier banks like HDFC Bank, Kotak, ICICI Bank: Naveen Kulkarni

    Synopsis

    In the banking space, quality is the most critical aspect, says chief investment officer, Axis Securities

    Naveen Kulkarni, Reliance Sec-1200ETMarkets.com
    More important from a quality perspective is that of the liability franchise that the top tier-1 banks have.
    I just want to take a look at some of the banking and financial names. Post the announcement, we did see a crack coming in on the Nifty Bank but some of those names are still managing to hold out; IndusInd in particular followed closely by some of the others like Axis, ICICI and so forth. Within the banking names, particularly the private sector ones, where are you looking right now? How are you manoeuvring the kind of volatility that we are seeing?
    In the banking space clearly, quality is going to be the most critical aspect. More important from a quality perspective is that of the liability franchise that the top tier-1 banks have. So that is going to be one of the most critical aspects that we are looking at this point in time. The likes of HDFC Bank, Kotak and ICICI have very high quality liability franchises; so that I think is going to be one of the key differentiating factors of the stocks which are going to erase their losses very quickly. So we are banking on the top-tier banks at this point in time and quality is going to be the most critical factor that we would be focussed on at this point in time.




    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more


    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

    Stories you might be interested in