Deven Choksey of DRChoksey FinServ Pvt. Ltd highlighted the current price rationalization in financial stocks, suggesting it’s a favorable time for investment. He pointed out ICICI Bank, HDFC Bank, SBI, and Bajaj Finance as strong candidates. He also stressed India’s economic potential, projected to grow from $4 trillion to $10 trillion in the next decade.
Bank of India shares rise 2% after LIC raises stake to 8.38%
Life Insurance Corporation (LIC) has increased its stake in Bank of India to 8.38% as of May 9, acquiring an additional 2.026% stake since September