Deven Choksey says the market cap of Kotak Mahindra Bank and Axis Bank will be Rs 1 lakh crore and it is trading at half the price State Bank of India is trading at. This one proposition becomes attractive for many to consider in the portfolio, he adds.
Everybody likes a good bargain. Call it the Indian psyche, but we are a bunch of bargain hunters and an extra something always makes us happy. Little wonder