SBI Securities advises caution on PSU banks amid rising crude
after close1 source ↓written by the desknot a recommendation
SBI Securities' Sunny Agarwal suggests a wait-and-watch approach for investors in the PSU banking sector due to rising crude prices and bond yields. He highlights better opportunities in auto ancillary firms benefiting from premiumisation and exports, and recommends select FMCG stocks like Varun Beverages, Tata Consumer Products, and Marico for potential growth.
Not investment advice. For informational purposes only.