Informative

Analyst Call Tracker | BFSI stocks gain favour in June, brokerages optimistic on future prospects

Update / Judgement Date

07 Jul 2024

Source

Money Control

Author

Team — WCP Legal Desk

Reading Time

1 min read

BankingStock Market

Banking, financial, and insurance sectors remain analysts' top picks, with Shriram Finance, SBI Life, ICICI Bank, Axis Bank, HDFC Bank, and IndusInd Bank receiving strong buy recommendations. Analysts highlight robust credit growth, asset quality, and profitability in the sector. Shriram Finance, a recent Nifty 50 addition, is poised for steady growth, leveraging its expanded network post-merger. HDFC Bank's increased foreign ownership may boost its MSCI index weight, attracting significant inflows.

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Analyst Call Tracker | BFSI stocks gain favour in June, brokerages optimistic on future prospects

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