On banking stocks, Deven Choksey of KRChoksey said, “We see the revival of credit growth happening and that is where we would place likes of HDFC Bank and likes of SBI from two distinct zones, one from the private sector corporate banks and other from the public sector banks. Two large banks in their own sphere, we feel they are the largest beneficiary of this revival in the credit growth.”
He said, “Within the corporate sector private sector bank I think the pecking order would be HDFC Bank, ICICI bank and Kotak Bank.”
On Bajaj Finance Choksey said, “We remain positive on the retail credit side of the business and that is where this company stands good. Any correction in the market would be an opportunity to buy into Bajaj Finance.”
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