Siddharth Teli of Religare Capital Markets expects limited upside in ICICI Bank.
Siddharth Teli of Religare Capital Markets says the numers posted by IndusInd Bank were fairly good both on asset quality front as well as margins.
if one were to play the MSF unwind trade then it should be through Yes Bank, IndusInd Bank and non-banking financial corporations (NBFCs) like Bajaj Finance, M&M Financial, says Siddharth Teli of Religare Capital Markets.
According to Siddharth Teli of Religare Capital Markets overweight on HDFC Bank and Housing Development Finance Corporation (HDFC).
Siddharth Teli of Religare Capital Markets recommends holding IDFC.
Siddharth Teli of Religare Capital Markets is bullish on HDFC, HDFC Bank and IDFC.
Over the next one or two days, depending upon where bond yields settle, stocks such as Canara Bank, Oriental Bank of Commerce (OBC), Punjab National Bank (PNB) could see more upside given their higher sensitivity to their bond portfolios.
Speaking to CNBC-TV18, Siddharth Teli of Religare Capital Markets says banks are likely to see a 75 basis point hit on the margins and a 2-3 percent hit on earnings, assuming rates remain at current levels for the rest of the year.