SBI, HDFC Bank, ICICI Bank, 16 other stocks may benefit from industry re-leveraging cycle; here's why
Stressing that the industry re-leveraging cycle is imminent, ICICI Securities says that its study of the capex cycles since 1980 and its relationship with industry credit growth suggest that both measures move in tandem.
The brokerage expects meaningful re-leveraging going forward with the advancement of the capex cycle.