Bank Stocks Outlook for the week – 22 to 26.06.2015
(Positive
bias next week especially private banks)
( www.rupeedesk.in )
Bank
stocks are expected to trade with a positive bias next week tracking gains in
the overall broad market. However, we expect recovery to be seen in private
banking stocks first and a follow up buying may be observed in the PSU banking
space.
We
believe the bank is on a strong footing to gain market share in Southern India
on the back of its strong brand image and a well-capitalised, cushioned balance
sheet. Meanwhile, Duetsche Bank downgraded its recommendation on Bank of India
to 'hold' due to weakness in the core operations and asset quality at the
public sector lender.
