Bhel, PFC, REC can trade much higher; ICICI, Axis can give 20-25% return over next year: Chakri Lokapriya
” In the case of ICICI and Axis, the big run-up has happened. They are trading at their historical price to book multiples. If it continues to do that, you will make that 20-25% return over the next one year or so in each of ICICI and Axis Bank. If you look at the midcap banks, if you look at the NBFCs, they have all derated in the past and now with the valuations catching up, that is where the interest is more right now.”
