These 8 bank stocks can give 27 to 53% returns in 1 year, according to analysts

When the recent phase of correction began in October, it was the private sector HDFC Bank which led the fall. Now, though the Nifty is nowhere near its all-time high, HDFC Bank has touched its 52-week high – a clear sign of outperformance. In fact, if you look at the whole range of banking stocks, they have outperformed the market – and they have valuations on their side. This has to be seen in the context that FIIs, who have big exposure to this sector, were probably not such aggressive sellers when it came to the discretionary funds run by them. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.