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"When it comes to the pecking order, private banks will take the lead because the PSU bank current results seem good simply because of the fact that the write-offs have moderated, there are some recoveries, etc, but these banks are continuously losing their market share in low-cost deposits which is the mainstay of the banks. There the larger private sector banks are gaining market share on a continual basis." ....
“Only two big categories of companies have reported numbers – financials and IT. IT has been more or less a whitewash as was expected. That is one big segment of the market I am not looking at. But the financials have done very well. On the auto side also, Bajaj Auto results are very encouraging and across the board we will see decent results from auto.” ....
“Big value in India will be created in small and midcaps only. People should not be scared of investing in them, they need to be ready for the volatility which will come. Some stocks will correct 15-20% from the top also and there are times when these stocks fall so much, you think you should have sold before the fall but after a few months you are glad you didnt.” ....
The appointment of Ashok Vaswani as the new CEO of Kotak Mahindra Bank brings a period of uncertainty to an end, but another period of uncertainty may lie ahead as external candidates often have trouble adjusting to the culture of the organization. Kotak s valuation remains at a premium compared to ICICI Bank and HDFC Bank, making it less attractive for investors. However, if the stock falls by 10-15%, it could present a contrarian buying opportunity. Other private banks like IndusInd and ICICI Bank are expected to continue outperforming. ....