ICICI Securities backs Kotak Mahindra Bank, Bajaj Finance
In short
ICICI Securities has named Kotak Mahindra Bank and Bajaj Finance among its top financial picks, CNBC TV18 Market reported. The brokerage also said it prefers public sector lenders and diversified NBFCs, and likes transmission companies more than power generation firms.
This matters to investors because it shows where the brokerage sees better opportunities in financials and power stocks.
What the reporting says
ICICI Securities named Kotak Mahindra Bank and Bajaj Finance among its top financial picks, according to CNBC TV18 Market. The brokerage said it prefers public sector lenders and diversified NBFCs, and also favors transmission companies over generation firms in the power sector. The note signals where the broker sees relative strength across financials and power stocks.
Why it matters
ICICI Securities named Kotak Mahindra Bank and Bajaj Finance among its top financial picks, with a preference for public sector lenders and diversified NBFCs. The brokerage also favored transmission companies over generation firms in the power sector. The call matters for investors looking at bank, NBFC and power stock selection.