After a gap of 4 years, are HDFC, Axis, Kotak banks ready for re-rating? 5 bank stocks with upside potential of up to 35%

Every sector goes through good and bad times. Now, this is not only about the real business, but also about its perception on the street. Let's take a real-life situation. A set of stocks from the private sector banking space did extremely well from 2000 to 2021. But they did not perform well for close to four years after that. The reason had less to do with real business, and more to do with expectations being very high. They have now gone through a process of readjustment of valuations and have set their houses in order. Some by improving technology platforms; others by reducing their dependence on bulk deposits.