Brokerages flag Axis, AU Bank, PNB and two more bank stocks
In short
Two brokerages named five bank stocks after the RBI raised rates, according to the headline and summary. The stocks are Axis Bank, Karnataka Bank, PNB, AU Bank and City Union Bank.
The call is based on technical charts, not new financial results. The exact rate hike and any price targets are not stated.
What the reporting says
Ajit Mishra of Religare Broking and Hitesh Rathi of Angel One identified five bank stocks, based on technical chart set-ups, after the RBI rate hike mentioned in the headline. The named stocks are Axis Bank, Karnataka Bank, PNB, AU Bank and City Union Bank. The summary does not specify the size of the rate hike or give any fresh target prices, so the immediate trading implication is limited to the chart-based call.
Why it matters
Ajit Mishra of Religare Broking and Hitesh Rathi of Angel One identified Axis Bank, Karnataka Bank, PNB, AU Bank and City Union Bank as bank stocks to watch, using technical chart setups after an RBI rate hike referenced in the headline. The reporting suggests a trading-oriented view rather than a fundamental update. The size of the rate hike and any price targets are not stated.