Talking about financials and IndusInd Bank’s quarterly performance in particular, SP Tulsian of sptulisian.com said net interest margins expansion is seen happening for all the corporate lenders and so he has been positive on SBI, Axis bank and all others corporate lenders.

Overall, IndusInd Bank Q3 numbers were good and there is no reason to worry about low credit growth of 20 percent, which could be one-off because most of the lenders have become averse to lending and want to be safe, which has led to tapering of credit growth, said Tulsian in an interview with CNBC-TV18.

Tulsian is a well-known equity fundamental analyst with more than three decades of experience, He has an acute sense of logic and is respected for his frank and forthright views.

When asked about Bandhan Bank, he said, “Overall, the numbers do not seem to be satisfactory. In fact, they could be termed as flattish. Specifically, looking at situations (agitation) prevailing in the north east, and especially in Assam, the bank may see some kind of headwinds in the near-term.”

On Tata Global Beverages, he said with the wide range of consumption item having been added to the business model, the company would likely give PE expansion to a level of about 30 plus or 30-32. “Prior to the merger, PE was very low at 24-25. It was only a tea and coffee company, and a sudden increase in tea and coffee would put pressure on margins but now with other bouquet of consumption item being added, it will give them margin stability plus operating leverage or the advantages of distribution, channel leading to PE expansion," he said.