Top 5 financial stock picks by Motilal Oswal for this earnings season; Do you own any?
Updated: 13 Apr 2022, 02:10 PM IST
TL;DR.More than half of the incremental growth of the Nifty50 companies in the March quarter will likely be steered by banking, finance and insurance (BFSI) sector, domestic brokerage house Motilal Oswal stated in a recent earnings preview report. As per the brokerage, this will be led by a modest revival in credit growth and improvement in asset quality trends. Overall, its Banking coverage universe is anticipated to report earnings growth of 33 percent in FY23, after posting strong growth of 46 percent over FY22E, it added. Let's take a look at its top BFSI picks for the earnings: