The latest analysis and commentary by stock market guru Dilip Bhat, Joint MD of Prabhudas Lilladher, on what is moving the markets today.
Talking about private banking sector, Dilip Bhat said, "YES Bank and Kotak Mahindra Bank held out very well in spite of all kinds of scenarios that we have seen and they have performed quite well. These two banks still will remain on the radar of the investors to acquire and buy."
On housing finance stock, he said, "Housing finance space continuous to be in a very sweet spot as far as the loan growth and the net interest margins (NIMs) are concerned. This entire space definitely is the focus of a lot of investors. Within this space, I would still prefer to buy something like Dewan Housing Finance Ltd (DHFL). It is certainly one of the stock which probably is still lot more under-price considering the fact that the company’s growth is pretty good and even the return on equity (ROE) is pretty good."
Bhat also talked on Can Fin Homes, "This is another stock which probably merits a look for whatever reasons. I have analysed today’s results on why it has fallen. But I think there is great value to be unlocked over there not just in terms of a very sustainable and consistent performance but a strategic sale that may happen in future. So both the stocks merit quite a good look and it would be a reasonably a good buy."