Banking has been the worst performing sector in the last three trading sessions. For all those who are thinking why? The answer lies in the shareholding structure of the banks. It is the banks where FPI have maximum holding and whenever there is selling due to global reasons, it is the banks which come under pressure because FPI will sell what they own and because they own banks the maximum, these stocks come under pressure. But the other side to it is that Indian banks are far better placed than what they were five years ago, which makes analysts bullish on them with a medium to long term perspective. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components — earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
