Dolat Capital has recommended ICICI Bank, Muthoot Finance, Aptus Value, Kotak Mahindra Bank, and City Union Bank as top stock picks in the BFSI sector.
Loan growth for coverage banks is expected to moderate to sub 11% YoY in a seasonally weak Q1, while net interest income is projected to grow at 3% YoY.
Operating profit for coverage banks is expected to increase by 5% YoY, supported by higher treasury gains aiding other income.