Mitessh Thakkar of mitesshthakkar.com advises buying Mahindra & Mahindra and feels that Reliance Communications is likely to head to Rs 28.
Ashwani Gujral of ashwanigujral.com recommends buying ICICI Bank, Axis Bank, Union Bank of India and Future Consumer.
The list includes international branches of Indian banks and some foreign banks.
Ashwani Gujral of ashwanigujral.com recommends buying Tech Mahindra with a stop loss of Rs 614 and target of Rs 635 and has a buy also on Tata Consultancy Services with a stop loss of Rs 3000, target of Rs 3150.
Even as the banking sector is reeling from the Rs 12,700 cr-PNB scam, there is some good news as the newly formed Bandhan Bank is set to come up with one of the biggest IPOs among banks in a long time.
The price band of the much-awaited IPO has been finalised at Rs 370-375 per share and the bid would remain open from March 15 to 19.
CA Rudramurthy BV, Head-Research at Vachana Investments recommends selling HDFC Bank, Yes Bank and Axis Bank.
The market breadth was in favour of the declines with 677 stocks advancing while 1039 declined and 302 remained unchanged. On the other hand, in the BSE, 989 stocks advanced and 1634 declined and 149 remained unchanged.
"The narrative from the fintech side has changed from being competitors to banks to collaborators to banks. Whether it is Axis powers Google tez for UPI or we will soon power WhatsApp for UPI," its executive director and head of retail banking, Rajiv Anand, said at an event here.
Yogesh Mehta of Motilal Oswal is of the view that one can sell Indiabulls Housing Finance and Axis Bank and can buy Tech Mahindra.
We expect Thirumalai Chemicals' near term volume growth to come from increased capacity for food acids, fine chemicals, the improved operations from Malaysian subsidiary, followed by increased capacity for Phthalic Anhydride (+60,000 MT in 2019).
RBI penalised the two banks for not complying with the central bank’s norms on classification of non-performing assets (NPAs) and know your customer (KYC).
The inspection, inter alia, revealed "violations of various regulations issued by RBI in the assessment of non-performing assets (NPA)",the central bank said in a statement.
With the Reserve Bank doing away with all the past dispensations to resolve the bad loan problem, and voting for initiation of insolvency proceedings against erring borrowers, there is a need to strengthen the National Company Law Tribunals (NCLTs), she said.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell SBI, DLF and Axis Bank and can buy NTPC and Power Grid.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Apollo Tyres and Mindtree and can sell Bank of India, DHFL, Axis Bank and M&M Financial Services.
Ashwani Gujral of ashwanigujral.com recommends buying Axis Bank, Bajaj Finance, Oberoi Realty, Kotak Mahindra Bank and UPL.
Ashwani Gujral of ashwanigujral.com recommends buying Interglobe Aviation, PC Jeweller and Ahluwalia Contracts.
Mitessh Thakkar of miteshthacker.com recommends buying Axis Bank with a stop loss of Rs 529 and target of Rs 551 and Britannia Industries with a stop loss below Rs 4900 for target of Rs 5200.
The bank is one of the worst-affected in the private sector after the Reserve Bank’s asset quality review, which led to a huge increase in bad loans over the past two years.
While PNB did not name the other lenders, besides Union Bank of India, Allahabad Bank and Axis Bank are said to have offered credit based on letters of undertaking (LOUs) issued by PNB
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Adani Ports and can sell Axis Bank and Union Bank of India.
Sandeep Wagle of powermywealth.com is of the view that one can sell Axis Bank and can buy Castrol India.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Axis Bank and ICICI Bank and can buy Hindustan Zinc.
The market breadth was clearly in favour of the declines with 326 stocks advancing in Niftyb while 1290 stocks declined and 394 remained unchanged. On the other hand, 588 stocks advanced on BSE with 1534 stocks declining and 69 remained unchanged.