Kotak and HDFC Bank could outperform banking sector over next 12 months: Naveen Kulkarni
Kotak and HDFC Banks have a good chance to outperform the banking sector over the next 12 months, according to Naveen Kulkarni, CIO, Axis Securities. The two banks are considered defensive stocks and are likely to be attractive to investors during challenging times. They have experienced a derating due to a two-year underperformance compared to other banks available at a reasonable valuation.
