SEBI’s new disclosure norms have led to compulsory unloading of HDFC’s heavily owned FII stock, causing fear and a perfect storm for private banks like HDFC, ICICI, and Axis. However, investors should consider buying Axis and HDFC Bank due to their potential for credit growth. Birlasoft, Tata Steel, and Tech Mahindra have shown positive earnings, while Balkrishna Industries is a standout in the tire market. The ongoing legal battle between Zee and Raymond is affecting sentiment, but the underlying businesses of both companies remain robust.
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