SBI , ICICI Bank and Axis Bank are the safe bets, says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, "One have to hear out the corrections, but even now banking offers probably the easiest way to enter this market. Banking stocks at current levels are probably poised for more gains. If there is a correction, there is going to be a lot of cushion on the downside. There will be buying at every level of the downsides. So, I don`t expect a ferocious decline to occur. So banking is probably the safest of the lot to enter, look at the big banks State Bank of India, ICICI Bank and Axis Bank."
SBI`s trailing 12-month (TTM) EPS was at Rs 130.15 per share. (Dec, 2011). The stock's price-to-earnings (P/E) ratio was 17.29. The latest book value of the company is Rs 1023.40 per share. At current value, the price-to-book value of the company was 2.2. The dividend yield of the company was 1.33%.
