“Deepak Shenoy sees selective opportunity in private sector financials, specifically private banks and mid-level NBFCs with strong secured loan books. He notes that current valuations and earnings direction align for these segments, and their earnings are relatively insulated from geopolitical disruptions as long as interest rates do not spike materially. Investors should focus on the composition of loan growth, favoring secured lending over unsecured personal loans.”

Deepak Shenoy’s track record: 5 graded calls · 95% CI 4–62%