So far this year, the stock of this private sector lender has jumped 15 percent, in-line with benchmark Nifty 50's 15 percent rise during the same period
Consumer and IT sectors are expected to clock decent growth, while metals and cement are expected to be top laggards, he said. As far as new-age companies are concerned, valuations are still quite expensive. They are still not showing consistent profitability and the market caps are quite high, Duggad said.
One should now look at investing into quality stocks from the private banking space that have fallen anywhere between 10-30 percent and whose business models look robust, says Deven Choksey of KR Choksey Shares.
Pathik Gandotra, Partner at Dron Capital Advisors is positive on the private banking space.
Tushar Mahajan, Nomura Financial Advisory & Securities believes the trend for the market is definitely up and the Nifty is likely to touch levels of 6350 by year-end.
In an interview to CNBC-TV18 Suresh Ganapathy of Macquarie reviewed the second quarter financial performance of various public and private sector banks.