Positive impactSector
HDFC Bank remains top pick as Deven Choksey favours large lenders for growth
CNBC-TV18 11 hrs ago·11 Nov 2026, 4:50 am
Deven Choksey, a prominent market analyst, has reaffirmed his confidence in large banking institutions, specifically highlighting HDFC Bank as his top preference. He attributes this positive outlook to a combination of factors, including improving credit growth, attractive valuation levels, and sustained foreign institutional investment. This endorsement suggests that the banking sector is poised for continued stability and potential expansion in the near term.
For investors, this view underscores the resilience of large lenders amidst a fluctuating market environment. By focusing on HDFC Bank, Choksey is betting on the sector's fundamental strength and its ability to deliver steady returns. This perspective is particularly relevant for those seeking exposure to financial services with a lower risk profile.
Looking ahead, investors should monitor the pace of credit growth and the overall sentiment of foreign investors. The performance of oil-consuming sectors compared to producers and the outlook for IT and pharmaceutical stocks will also be key indicators to watch as the market evolves.
Excerpt from CNBC-TV18
Published On Nov 11, 2026 | 10:20 IST Last Updated On Nov 11, 2026 | 10:20 IST Deven Choksey, Managing Director at DRChoksey Finserv, remains positive on large banks and NBFCs, citing improving credit growth, attractive valuations and steady foreign inflows. He prefers HDFC Bank over ICICI Bank, favours oil-consuming…Read the original at CNBC-TV18
Affected stocks
Bullish2 stocks
Bull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns HDFC Bank (HDFCBANK).
- Category: Sector.
- AI reads the tone as positive (potentially bullish) for the stock.
- Also mentions ICICIBANK.
Why it matters
A routine update for HDFC Bank. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
