Indian bank stocks among most-tracked globally, Alibaba tops list

Domestic banks feature in the list of corporations that are tracked by maximum number of analysts globally.

Topping the chart is Chinese e-commerce giant Alibaba, tracked by 64 analysts. Private sector lenders Axis Bank, HDFC Bank, IndusInd Bank, and ICICI Bank are among the top six most-tracked, with at least 56 analysts giving their views on their stocks.

Social media company Tencent is another Chinese firm in the list, while Amazon and Facebook are the only US-based companies among the top 10. Market experts said given the banking sector’s dominance in the Indian markets, it is not surprising that they are widely followed by analysts.