“Aditya Shah is bullish on the banking sector, expecting it to lead the next leg higher in Indian equities. He anticipates private banks, particularly large-caps like HDFC Bank and ICICI Bank, to reassert themselves as HDFC Bank's post-merger integration constraints lift, and also prefers SBI among large-cap PSU banks. Additionally, he identifies microfinance as a contrarian call, offering asymmetric upside from its beaten-down state, while cautioning against smaller banks due to idiosyncratic risks.”

Aditya Shah’s track record: 7 graded calls · 95% CI 8–64%