Dharmesh Shah of ICICI Direct is bullish on the banking sector, including both PSU and private banks, following a significant 12-15% correction. He believes the risk-reward is highly favorable at current market prices for largecap banks like Axis Bank and Kotak Bank, which he expects to have substantial upside potential.

Dharmesh Shah’s track record: 6 graded calls · 95% CI 30–90%

Axis BankBullishCalled 24 Mar 2026Graded 19 Jul 2026
Verdict:HIT

Axis Bank price increased from ₹1222.10 to ₹1311.20, a gain of 7.29% over 60 days.

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