Analysts at Motilal Oswal Wealth Management Research Desk are bullish on mid-caps Indian Hotels and Lenskart, and small-caps Symbiotec Pharmalab and Urban Company.
Standalone profit rose 29 per cent as NII grew 16 per cent and provisions fell, though large FCNR(B) inflows pushed net interest margin down to 4.31 per cent
Q2FY27 company results: Firms including Kotak Mahindra, AU Small Finance Bank, Kajaria Ceramics, Netweb Technologies, and Apollo Micro Systems are also to release their July-September earnings today
The Nifty Private Bank index advanced over 1%, while the Bank Nifty and Nifty PSU Bank index rose 0.6% and 0.3% respectively on Tuesday, a day ahead of the RBI policy decision.
The technical outlook remains positive for Paytm, Azad Engineering, and Kotak Mahindra Bank, with all three stocks showing bullish chart structures and potential for further upside.
Kotak MF's Harsha Upadhyaya favours banking, manufacturing and healthcare, while remaining cautious on IT and advising investors against aggressive mid- and small-cap bets
Among large private banks, Goldman Sachs sees the strongest upside in ICICI Bank; Bernstein, meanwhile, rates ICICI Bank, Axis Bank, HDFC Bank and IndusInd Bank as 'Outperform.
HDFC Bank and Axis Bank were down 5 per cent each, while Yes Bank and Kotak Mahindra Bank from the Nifty Bank index were down 4 per cent each in intra-day deals on Monday.
Q1FY27 company results: Firms including ICICI Bank, Punjab National Bank, IDBI Bank, Yes Bank, Punjab & Sind Bank, Can Fin Homes, and JK Cement are also to release their April-June earnings today
Axis Bank posted the strongest growth in loans and deposits among large private banks in Q1FY27, while HDFC Bank and Kotak Mahindra Bank also reported healthy balance-sheet expansion
Stock declines over 3% after Ashok Vaswani says he will step down in December, with brokerages warning leadership succession uncertainty could weigh on sentiment
Nifty's 100-DEMA around 24,140-24,170 zone is an immediate hurdle; breakout above this can trigger a rally towards 24,500-24,600 levels, says Osho Krishan, technical and derivatives at Angel One.
Vaswani has said he will not seek re-appointment, and is stepping down for personal reasons; the bank has initiated the process of appointing a new MD&CEO