Manish Sonthalia of Motilal Oswal Securities Advises to buy ICICI Bank and Axis Bank at current levels from an investment perspective.
Sonthalia told CNBC-TV18, "The private sector banking space has seen a correction of almost 40-50% and there are few worries for this; by and large it is the forex derivative losses plus compression and margins etc. But given the levels at which the private sector banks are particularly maybe ICICI Bank, Axis Bank appears to be little room for downside from the current levels. So from an investment perspective this would be good buys at current levels".
Source: Moneycontrol.com
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