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Market move▲ Bullish for Indian equities
Banking stocks will do well in FY28 - Macquarie explains why and highlights its top picks
The brief
- Macquarie sees significant re-rating potential for Indian banks, which trade at 1.3 times FY28 financial-year value
- A positive banking outlook could support Indian bank stocks, including Federal Bank
- BSE shares fall 2%, down 30% in 4 months. Why Macquarie is bullish while Jefferies is cautious
- PB Fintech shares: Macquarie target on battered stock hints at 67% upside