Banking Stocks To Middle East Plays: Where Is The Value Emerging?

Business Today’s Anchor Shailendra Bhatanagar speaks with Jitendra Sriram, Senior Fund Manager, Baroda BNP Paribas Mutual Fund, on where he sees value across large-cap stocks. Sriram discusses private banks and the importance of the price-to-value equation, particularly when valuations move toward decade-low price-to-book levels while earnings growth remains resilient. He also discusses the fund’s exposure to ICICI Bank, L&T and BHEL, along with broader opportunities across large-cap names. The conversation touches on corporate restructuring and how potential IPOs of major divisions could unlock value through a sum-of-parts approach. Sriram also highlights opportunities linked to Middle East investments and stronger order traction, while noting the impact of higher crude prices on energy-importing economies such as India. The discussion offers a broad look at current investment themes.