Rajiv Mehta, EVP of YES Securities said margins should start looking up gradually hereon as liquidity is being managed well, there is more lending happening and growth in deposits is easing.
“Marginally we had set a target from Rs 1,470 earlier to Rs 1,500 now and with confidence coming back and clarity emerging in terms of trajectory of margins and asset quality, we should see valuations mean reverting,” he added.
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