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Broker call▲ Bullish for SBI Life Insurance
Investec Capital's Mukul Kochhar calls insurance correction overdone, backs PSU banks on rate hikes
The brief
- Mukul Kochhar says the insurance correction is overdone and backs PSU banks amid rate hikes
- Healthcare is a preferred segment; infrastructure, defence and select banking stocks also show promise
- The view favours Indian insurers, PSU banks, healthcare, infrastructure and defence stocks
- Augment Infrastructure sells 7.25% stake in Clean Max for ₹1,096 crore
- Proposed IRDAI distribution reforms could reshape insurance business models
- Why PB Fintech, HDFC Life, ICICI Pru, Max Financial stocks crashed after IRDAI reform