Correction in bank stocks offers a good entry point: Gautam Duggad, MOFSL

The banking space offers tremendous long term opportunities, especially large-cap banks like HDFC Bank, ICICI Bank, Axis Bank and State Bank of India, says Duggad

As TCS kicks off the June 2021 quarter earnings season, GAUTAM DUGGAD, head of research at Motilal Oswal Institutional Equities, tells Saloni Goel expectations of a strong financial year 2021-22 (FY22) are now well entrenched and the second wave has not done much damage to those expectations yet. Edited excerpts:

Can the second half of 2021 be rewarding for investors? What kind of returns are you pencilling in?

It will depend on how earnings progress from hereon. Expectations of a strong financial year 2021-22 (FY22) are now well entrenched and the second wave has not done much damage to those expectations