JM Financial: Private Banks Present Value After Correction, PSU Outperformance Could Diminish
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Private Banks Offer Value Post Correction; PSU Outperformance May Fade: JM Financial
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CNBC TV18•20-03-2026, 13:00
Private Banks Offer Value Post Correction; PSU Outperformance May Fade: JM Financial
•Ajit Kumar, Head-BFSI at JM Financial Institutional Securities, notes that HDFC Bank may remain range-bound in the near term due to FII concerns and management uncertainty, despite attractive valuations.
•He identifies deep value in large private banks following recent corrections, anticipating improved earnings by FY27.
•Kumar prefers private banks over PSU banks, suggesting that PSU banks may struggle to maintain their current returns.
•ICICI Bank is highlighted as his top pick among financial institutions.
