Julius Baer prefers private banks over PSU lenders as margins improve

Nitin Raheja, Head of Discretionary Mandates at Julius Baer India, said the banking sector is well placed as the interest rate cut cycle appears to have bottomed out, helping net interest margins while credit growth remains strong. He expects foreign selling-led valuation corrections to create opportunities in private banks. Raheja also remains positive on pharmaceuticals across generics, APIs and CDMOs, sees limited downside in IT valuations, and prefers transmission infrastructure over renewable equipment makers. Disclaimer: The views and tips expressed by investment experts on CNBCTV18.com are their own, not of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.