Bank stocks will rule

Several bank stocks that were beaten down recently look good. For instance our earlier calls on Kotak Mahindra Bank, Federal Bank, South Indian Bank, ICICI have yielded good returns in the recent past and can repeat the good performance on the bourses despite recent setbacks to the overall market. Bank of Maharashtra & Lakshmi Vilas Bank are smaller banks but hold very good potential and look good at current levels - certainly on dips too. SBI looks like hitting the Rs.1200 mark again in the near term and Kotak Mahindra Rs.600.