If one looks at the movement of the markets in the last few months, a large part of the banking sector has been witnessing a sort of correction. But if one looks at the macro picture the correction has been taking the form of broader sideways correction clearly indicating that largely selling is taking place due to profit booking rather than the fear of any sort of negative development on the fundamental front. 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.
