Finance Minister Arun Jaitley in his speech dropped a subtle hint that the banking regulator could look at lowering the rate.
Prakash Gaba of prakashgaba.com likes Kotak Mahindra Bank with a target of Rs 695 and Colgate Palmolive with a target of Rs 1010-1020 and advises going long in India Cements.
This is the second tranche of investment made by CPPIB's in L&T Infrastructure Development Projects Ltd. In June last year, CPPIB had committed to invest Rs 2000 crore in L&T IDPL.
Parag Thakkar of HDFC Securities recommends buying Pidilite Industries on dips and is bullish on Kotak Mahindra Bank.
Hemindra Hazari recommends avoiding the entire financial intermediary space because there is still lot of pain to come but if institutional investors have to be in the space then one should look at HDFC Bank and Kotak Mahindra Bank.