I have entered most of the big banks, particularly big in KotakBank except ICICI (and no reason for that either). Couldnt shake the feeling that I have entered them at top of the cycle. The deposit rates are rising and due to higher loan rates some NPAs might crop with some lag? Is there some data to back up this hypothesis?
I had just booked some good profits in midcaps + smallcaps, and just diverted the funds to large caps, not sure whether I should have done that.
There is some heavy contraction in multiples of HDFC Bank, Kotak Bank and Bajaj Finance. Still Kotak Bank and particularly Bajaj Finance still have some premium valuation attached to them, do they still deserve it is the question?
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