PSU Bank stocks affected because of mounting NPAs: Sameer Dalal, Natverlal & Sons Stockbrokers
  • WebDesk BTVI
  • Jul 23 2019

Sameer Dalal, Natverlal & Sons Stockbrokers, talking about market sentiment being low says what we are seeing now is valuation corrections in largecaps and Foreign Portfolio Investors (FPIs) booking profits specially after the Finance Minister’s statement. The expert speaking on PSU banks being biggest losers in trade today says it is due to their NPAs occupying nearly 20%. On HDFC Bank falling again, the expert believes the stock is richly valued and the fall is due to corrections coming in.