Bank stocks: the streets avoid the stress that prepares for personal loans


There does not appear to be any relaxation in bank stocks for the third consecutive session, as the Nifty Bank Index hit a new high of 34,758 points, up 1.4% from the previous close. RBL Bank, IndusInd Bank and Axis Bank continued their bullish trajectory, gaining 3.0-7.5% on Wednesday, and were closer to “squeezing” losses from last year.

Brokerages revised their profit target by at least 15 percent overall for banks after Q3FY21 results. The point that seems to be ignored amid the euphoria is the stress of brewing in retail …

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First published: Wed 03 February 2021. 20:21 IST

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