What’s Driving Investor Enthusiasm In Banking Sector - Pessimism, Skepticism, Optimism Or Exuberance? ICICI Securities
An employee counts rupee currency notes inside a private money exchange office in New Delhi. 

What’s Driving Investor Enthusiasm In Banking Sector - Pessimism, Skepticism, Optimism Or Exuberance? ICICI Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

The outgoing year has been tumultuous like no other for the financial sector: in the hindsight, extreme pessimism in March with onset of Covid-19 (when Bank Nifty contracted more than 45% from new highs made in early January) gave birth to a bull phase.

With gradual opening-up during Q3 CY21, Bank Nifty built further momentum on skeptcism and promptly bounced back (more than 80% from its low) on renewed optimism in Q4 CY21.

With Bank Nifty currently trading near historical (three/five/10 years) valuations, we ponder we are in which stage of skepticism, optimism or exuberance.

Click on the attachment to read the full report:

ICICI Securities Banking Whats Driving Investor Enthusiasm .pdf

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