2 weeks ago
Sunny Agrawal Favours Axis, ICICI, Ujjivan Among Bank Stocks
Imagine someone who studies banks to help people choose where to put their money.
His name is Sunny Agrawal, and he works for SBI Securities.
He told investors which bank stocks look good to buy.
He said Axis Bank is doing very well and will probably keep doing well.
He said HDFC Bank's price is fair, but its recovery might take two to three quarters.
People who can wait a long time can consider HDFC Bank shares.
People who want to buy within the next few months should look at ICICI Bank and Axis Bank.
He also liked Karur Vysya Bank because it reported strong numbers.
He liked Ujjivan Small Finance Bank too and thinks its shares are worth about 85 rupees.
He said investors can put a small part of their money there.
Remember, this is just one expert's advice, not a promise that stocks will go up.
SBI Securities' Sunny Agrawal said Axis Bank could continue to outperform among Tier-1 private lenders.
Agrawal called HDFC Bank reasonably valued, with a gradual recovery likely taking two to three quarters.
He advised investors building positions over the next three to six months to focus on ICICI Bank and Axis Bank.
Karur Vysya Bank posted solid quarterly numbers and is likely to outperform, he said.
Agrawal set Ujjivan Small Finance Bank's fair value at around Rs 85 after solid Q1 FY27 results.
- Who
- Sunny Agrawal, analyst at SBI Securities, who shared views on several Indian bank stocks.
- What
- Stock recommendations and a price target covering HDFC Bank, Axis Bank, ICICI Bank, Karur Vysya Bank and Ujjivan Small Finance Bank.
- Where
- India (the Indian banking sector is discussed, though not explicitly stated in the article).
- When
- Not specified in the articles; the recommendations reference Q1 FY27 quarterly results.
- Why
- To guide investors based on stock valuations and the banks' recent quarterly performances.
Key facts
- Analyst
- Sunny Agrawal
- Firm
- SBI Securities
- Banks covered
- HDFC Bank, Axis Bank, ICICI Bank, Karur Vysya Bank, Ujjivan Small Finance Bank
- HDFC Bank view
- Reasonable valuation; gradual recovery could take two to three quarters
- Axis Bank view
- Likely to continue to outperform
- Horizon for ICICI and Axis
- Focus for investors building positions over the next three to six months
- Ujjivan SFB fair value
- Around Rs 85
- Ujjivan SFB results
- Solid set of numbers in Q1 FY27
Sources
Related news
Private Banks Gain Momentum as Investors Weigh Buying, Profit-Taking
Banks, Insurance, IT and Realty Shares Gain Post-Q1 Focus
Goldman Sachs Names Six Indian Banks With 18%-37% Upside
Bernstein Sees Strong Upside in Select Indian Banks
India Draws Record $127 Billion Through FCNR Deposit Scheme
Major Banks Cut FCNR Deposit Rates After Subsidy Ends
Uber Driver Returns ₹37,000 Sent by Mistake, Refuses Reward
ICICI Bank Nears HDFC Bank as Nifty’s Top Influence
Brokerages Suggest HDFC Bank, PB Fintech, Parag Milk Foods
