“Devang Mehta expects private sector banks, specifically HDFC Bank, ICICI Bank, and Axis Bank, to outperform PSU banks over the next two years. He notes improving operational commentary, better metrics like deposit and credit growth, and the likelihood of easing FII selling pressure, justifying their valuation premium despite recent underperformance.”

Devang Mehta’s track record: 3 graded calls · 95% CI 0–56%