GOLDEN RULES FOR TRADING

Bank Stocks Outlook for the week – 20 to 24.04.2015

Bank Stocks Outlook for the week – 20 to 24.04.2015
  www.rupeedesk.in )

Bank stocks are seen consolidating with a negative bias next week as investors will be wary about placing long positions due to asset quality concerns as the Jan-Mar earnings season gets underway.


Movement will be mainly stock specific as lenders like Yes Bank, HDFC Bank, State Bank of Mysore, among others, will detail their Jan-Mar and 2014-15 (Apr-Mar) earnings. While margins should hold, trading gains could surprise. But slack loans, muted fee growth and still high credit costs - earnings won't be exciting.