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.
Watch video for more
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Punjab Lok Sabha elections: Check full list of AAP candidates and constituencies
May 18, 2024 12:59 PM
PM Modi, Rahul Gandhi election rallies in Delhi today: Here are the routes to avoid
May 18, 2024 11:28 AM