8% to 10% upside possible in ICICI Bank, private banks to outperform: Sharekhan

In a chat with ET Now, Hemang Jani, Senior Vice President, Sharekhan, shares his views on banking stocks.

ET Now: What is the call on banking?

Hemang Jani: Some of the private sector banks have delivered good set of numbers, particularly ICICI Bank, IndusInd Bank and even Axis Bank has come out with good set of numbers. The general feel is that when it comes to the interest rate volatility and the NPA management, the private sector banks are relatively better placed. So we believe that they will continue to outperform. In particular, ICICI Bank has surprised the street in terms of the NIMs and the net profit and there is some scope for an upside of about 8% to 10%.