Bank Stocks Outlook for the week – 20 to 24.04.2015
( www.rupeedesk.in )
Bank
stocks are seen consolidating with a negative bias next week as investors will
be wary about placing long positions due to asset quality concerns as the
Jan-Mar earnings season gets underway.
Movement
will be mainly stock specific as lenders like Yes Bank, HDFC Bank, State Bank
of Mysore, among others, will detail their Jan-Mar and 2014-15 (Apr-Mar)
earnings. While margins should hold, trading gains could surprise. But slack
loans, muted fee growth and still high credit costs - earnings won't be
exciting.
