They led the fall – and also the comeback, Yes, bank stocks tend to do both. On Tuesday, the recovery was led by banks in mid-session trade. Yes, some of the large private sector banks were hit in the initial October selling. But a number of them have recovered and are outperforming the bearish markets. In fact, in the case of PSU banks, Q2 earnings have been better than expected for many. Does the rally have more legs?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.
