From the only eligible reported proposal of a Kotak Bank, the list has now widened to include other big names like ICICI Bank, HDFC Bank and HDFC. There could be some over-ambitious mid-sized players also queueing up over the next few weeks.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have - HDFC Bank, IndusInd Bank, Axis Bank, ICICI Bank, State Bank of India (SBI), Jain Irrigation, Lux Industries, Elgi Equipment & Hotel Leela.
Rajat Bose of rajatkbose.com is of the view that one can short Yes Bank, Axis Bank and ICICI Bank at the current level.
Shubham Agarwal of Motilal Oswal Securities is of the view that one can sell Axis Bank with a target of Rs 400.
'Don't catch a falling knife' goes a popular investing adage that recommends against buying stocks that have fallen a lot recently. But Dipen Sheth, Head of Research at HDFC Securities, recommends you make an exception for bank stocks.
The RBI had met up with bank bosses recently to take stock of the bad loan problem and outline steps that would help banks clean up their balance sheets by March 2017. Parveen Kumar Gupta, Managing Director, SBI, says the RBI so far has not given any specific directives on additional provisions
Prakash Gaba of prakashgaba.com recommends selling Dish TV and advises buying LIC Housing and TV18 Broadcast.
Vineet Bhatnagar of PhillipCapital says investors should use the current market weakness to buy stocks.