Prefer ICICI Bank, Axis Bank, says Ajay Bodke

Bodke told CNBC-TV18, "Our preference still remains with private sector banks. Even out there what we are distinguishing essentially is between the beta names like ICICI Bank and Axis Bank on one hand and some of the steady performers like Kotak Bank or IndusInd Bank or HDFC Bank . So our analyst essentially is of the view that in the later bunch, essentially Kotak, IndusInd Bank and HDFC Bank, the valuations are quite high and some of the concerns on the asset quality we believe have been overdone in case of ICICI and Axis Bank and valuations being supportive. We are advising our clients to selectively take profits from the Indus Ind, HDFC and Kotak Bank and move it to ICICI and Axis Bank."

ICICI Bank's trailing 12-month (TTM) EPS was at Rs 44.73 per share. (Mar, 2012). The stock's price-to-earnings (P/E) ratio was 20.72. The latest book value of the company is Rs 523.88 per share. At current value, the price-to-book value of the company was 1.77. The dividend yield of the company was 1.78%.