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Why Morgan Stanley expects 30-50% upside in HDFC Bank, ICICI Bank, Axis Bank and SBI in a year

Updated : June 18, 2019 02:43 PM IST

The market capitalisations of the four large Indian banks — HDFC Bank, ICICI, Axis and SBI — are up 30 percent over the past year.
Morgan Stanley expects 30-50 percent upside in these banks over the next 12 months.
The stock prices of these banks were up in the range of 19-49 percent in the last 1 year.
Why Morgan Stanley expects 30-50% upside in HDFC Bank, ICICI Bank, Axis Bank and SBI in a year

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