Atul Badkar of Edelweiss Securities is bullish on the private banking stocks.
Badkar told CNBC-TV18, "Banks had moved but offlate we have seen that the move has been muted. We are more positive and bullish on the private sector within the entire banking space. I think ICICI Bank and Axis Bank are the best places to be in; any move beyond 5,400 then ICICI Bank and Axis Bank can give 5% upside from hereon."
He further added, "I will be cautious on State Bank of India (SBI). So if at all one want to take a third pick in banking portfolio then maybe SBI but be selectively slow about taking that."
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