If one looks at banking stocks as a whole in the last one-and-a-half years, they have been clear outperformers in a bearish market. As the market gets hit by another phase of volatility, one needs to see whether they will again outperform by falling less. They might, because if they could keep their heads above water during a period of strong selling by FPIs, there is no reason they cannot do so again. 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.
