08:58:42 AM IST, 26 Jun 2024
Stock Market LIVE Updates | Brokerage Radar: Goldman Sachs on BFSI
• Rising concerns around the health of rural-lending (Farm loans and MFI particularly) portfolio in the Indian financial system.
• This could potentially put more pressure on the earnings trajectory of the sector.
• Companies that are more exposed to farm loans - SBI, ICICI Bank, Kotak Bank, M&M Finance and L&T Finance.
• Companies that have exposure to MFI portfolios - Bandhan Bank, Indusind Bank, Credit Access Grameen and L&T Finance.
• PSU banks in particular could potentially be more impacted in the event of farm loan waivers as seen in past episodes.
• Maintain preference for HDFC Bank, Kotak Bank, Axis Bank and Indusind amongst private banks.
• Prefer Credit Access Grameen, L&T Finance and Shriram Finance among NBFCs.
Price as on 08.58.42 AM, Click on company names for their live prices.