A protracted high interest-rate cycle is a greater risk to the bank than to large private peers, in terms of potential market share loss in prime credit.

ICICI Bank, incorporated in the year 1994, is a banking company (having a market cap of Rs 625555.55 Crore).

Kotak Mahindra Bank, incorporated in the year 1985, is a banking company (having a market cap of Rs 373780.55 Crore).

Aarti Industries, incorporated in the year 1984, is a Mid Cap company (having a market cap of Rs 20041.04 Crore) operating in Pharmaceuticals sector.

Navin Fluorine International, incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 23391.64 Crore) operating in Chemicals sector.

Hindustan Zinc key Products/Revenue Segments include Scrap, Export Incentives, Wind Energy and Other Operating Revenue for the year ending 31-Mar-2022.

ABB India, incorporated in the year 1949, is a Large Cap company (having a market cap of Rs 66821.07 Crore) operating in Engineering sector.

Registered its highest ever weekly close in a year indicating bullish momentum.

Poonawalla Fincorp, incorporated in the year 1978, is a Small Cap company (having a market cap of Rs 23821.73 Crore) operating in NBFC sector.

Relaxo Footwears, incorporated in the year 1984, is a Mid Cap company (having a market cap of Rs 20536.40 Crore) operating in Leather sector.

Bata India, incorporated in the year 1931, is a Large Cap company (having a market cap of Rs 18957.81 Crore) operating in Leather sector.

JSW Energy, incorporated in the year 1994, is a Mid Cap company (having a market cap of Rs 41939.23 Crore) operating in Power sector.

NTPC, incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 163728.21 Crore) operating in Power sector.

ICICI Prudential Life Insurance Company, incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 64145.90 Crore) operating in Financial Services sector.

Tata Communications, incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 34882.58 Crore) operating in Telecommunications sector.

Cyient, incorporated in the year 1991, is a Mid Cap company (having a market cap of Rs 12737.69 Crore) operating in IT Software sector.

The stock is trading at ~15x FY25E EPS, which offers a margin of safety.

HCL Technologies, incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 286617.31 Crore) operating in IT Software sector.

The brokerage expects revenues to grow at 12.8% CAGR in FY23-25E.

The brokerage believes strong revenue growth will eventually drive operating leverage and margin improvement.