Here’s a sector snapshot that looks into major gainers to help you make a wise investment decision

LARGE CAP P K Agarwal, head of research, Bonanza Portfolio
STATE BANK OF INDIA CMP: Rs 1,414
The bank is the largest commercial financial organisation in India. M&A among SBI group banks have started, with State Bank of Saurashtra merging into SBI. In view of growth potential of Indian economy and under banked status of the masses, with rising incomes & purchasing power, SBI has good potential going forward. The government has given strong signals of the economy heading for softer interest regime.
HDFC CMP: Rs 1,777
The company has shown constant growth in past three decades. It is able to maintain margins in spite of slow down shown by industry. There is visibility in its earnings and growth. India is heading for softer interest regime as government is infusing more liquidity to over come the glut in economy. Further, the scrip has hidden value of about Rs 800 per share in form of its investments and subsidiaries.
    MID CAP
R Murali Krishanan, director — research, Ambit Capital ANDHRA BANK CMP: Rs 54 The bank is expected to exhibit a steady business CAGR in the range 23-25% over FY08-FY10E. A low capital adequacy has been constraining the bank's growth over the last three years. This proved to be a blessing in disguise as the bank boasts of an asset quality among the most superior within the banking system. The bank's provisioning coverage remains exceptional.
South Indian Bank CMP: Rs 73
The bank remains a fundamentally sound investment idea from the old private sector banking space. We expect business growth in the range 15-18% during FY09E - the bank has already shed Rs 500-crore worth of bulk deposits during H1FY09 and is focusing on improving the CASA levels. This, taken alongside the PLR hike to the extent of 100bps during H1FY09, has helped shore up NIMs.
    SMALL CAP
Anita Gandhi, head of institutional business, Arihant Capital Markets INDIAN BANK CMP: Rs 124 Although the banking sector has seen huge corrections in the market but Indian Bank remains one of the shining stars in the small cap space. A healthy level of CASA ratio reflects that the bank is less dependent on bulk deposits and has a high fee based income. The bank also has a healthy NIM of 3.2% and low level of net non performing assets.
Bank Of India CMP: Rs 296
Bank Of India has become a good bet among the PSU Banks. Where the investors and corporates in the entire country are mulling over the fact that how the FIIs are pulling out their investments, BOI has no worries as FII holdings in this PSU bank are very low. The FII holdings are just around 16%. The bank has made rational decisions in terms of its investments as is reflected by a good net interest margin of 3.3%.