Banks are among the first companies to release quarterly business updates for the first quarter of FY27. Several lenders have already reported their provisional operating performance for the quarter, with the updates receiving a positive market response ahead of the earnings season.
Business updates released by banks for the first quarter of FY27 indicate an improvement in credit growth compared with recent trends. At the same time, the share of low-cost current account and savings account (CASA) deposits in total deposits has declined for several lenders, pointing to a change in deposit composition that could influence banks’ funding costs and margins, according to a ET report.
Overall, the quarterly business updates released by banks indicate operating performance that was stronger than market expectations. The updates also show an improvement in credit growth across both public sector and private sector banks, while asset quality remained stable, with non-performing assets (NPAs) staying under control.
Media reports on Tuesday indicated that some ships in the Gulf region were reportedly hit, while the Nasdaq ended lower. Market participants are also monitoring these global developments alongside domestic factors.
For the purpose of this report, ET picked stocks with an estimated upside potential of up to 47 per cent, based on analysts’ projections. The list has been arranged in descending order of the estimated upside potential assigned by analysts. Here is the list for the day:
Bank stocks with up to 47% upside potential
- Company Name: DCB Bank | Recommendation: Strong Buy | Upside Potential: 47 per cent
- Company Name: Bank of Baroda | Recommendation: Buy | Upside Potential: 44 per cent
- Company Name: State Bank of India (SBI) | Recommendation: Buy | Upside Potential: 37 per cent
- Company Name: CSB Bank | Recommendation: Buy | Upside Potential: 34 per cent
- Company Name: ICICI Bank | Recommendation: Strong Buy | Upside Potential: 32 per cent
- Company Name: Axis Bank | Recommendation: Buy | Upside Potential: 30 per cent
- Company Name: Punjab National Bank (PNB) | Recommendation: Hold | Upside Potential: 30 per cent
- Company Name: Karur Vysya Bank | Recommendation: Buy | Upside Potential: 28 per cent
- Company Name: Canara Bank | Recommendation: Buy | Upside Potential: 28 per cent
(Disclaimer: The above article is meant for informational purposes only and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
Akshat Mittal is the Chief Copy Editor at ET NOW with over 6 years of experience, specialising in Markets, Personal Finance, and General News. Before joining ET NOW, he worked with prominent media organisations and has reported on numerous major events firsthand.
He has also conducted several high-profile interviews on topics such as the 8th Pay Commission and the IMF’s loan to Pakistan amid Operation Sindoor.
Akshat has been involved in numerous key business launches, covering these events on the ground. His articles are widely published in national magazines and newspapers, where he has conducted several interviews with prominent political figures.
He was the first to bring out the IMF spokesperson’s statement on the voting pattern of the Executive Directors, following reports claiming that ‘no is not an option’ in the IMF voting procedure.
Akshat is passionate about public speaking and has delivered numerous lectures at colleges and schools. He also served as a member of a Youth Parliament in Delhi.
