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HDFC Bank, ICICI Bank top picks amongst financials, says Emkay Global

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HDFC Bank, ICICI Bank top picks amongst financials, says Emkay Global

HDFC Bank will continue to grab market share going forward and it is one Emkay Global's top picks amongst financials, said Dhananjay Sinha, head-institutional research at Emkay Global Financial Services.
"HDFC Bank is talking about fund-raising or has the growth capital," he said.
ICICI Bank is also one of our top pick among financials, he said
"With respect to ICICI Bank the whole idea is about long-term, so we are looking at two-three years down the line," Sinha said.
There are concerns on the leadership, but fundamentally they are seeing a good transformation. he said.
Sinha said that announcement of minimum support price (MSP) is critical even if it’s coming with a delay.
He further said that consumption theme will see some traction if higher MSP is approved.
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