Create Portfolio in Top Bank & NBFC Stock for November Series

Declarations of Q2 results in 2020 for banks and nbfc sectors is better than expected. A decent jump in net profit has shown from bank and selected nbfc in quarter2 results, keeping aside provision (bad assets). HDFC bank India’s top bank in private sector had post a good results during pandemic time, followed by few psu and other Banks & nbfc like axis bank, indusind bank, cholafinace, m&mfin etc.

So far Banknifty has shown a laggard, and Banknifty will be the only index to perform in November series keeping bank Q2 results on eye. But there can be a high volatile in bank and nbfc stocks as US election is on ahead. Buy stocks like HDFC bank, sbin, axisbank, bajajfinserv, bajajfinace, ICICI Bank, M&MFin etc in November series for higher returns.

SBI Q2 results is in progress on 4th November, 2020 SBI will announce it’s second quarter results which I expect to be a good results and help banknifty to move above 25000. Start accumulate top bank and nbfc stocks in portfolio for Diwali picks.

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Hi i am Samiran Debnath Admin of this website. I am Financial Advisor by profession build client portfolio in stock market and Mutual Fund. I help people to dematerilise physical shares into electronic mode opening demat account. Help clients to choose best insurance policy for them. I love sharing my views on stock market and the benefits investing in SIP and Mutual Funds.

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