Dipan Mehta, Director at Elixir Equities stays constructive on personal sector banks. HDFC Bank, Kotak Mahindra Bank, Axis and ICICI Banks are usually long-term funding performs, he added.
“Large banks with good balance sheet, good technology, large network and branches, will continue to do exceedingly well. The likes of HDFC Bank, Kotak Mahindra Bank, Axis Bank and ICICI Bank typically are long-term investment companies and usually part of the core holding of many investors. If you are underweight in any of the private sector banks, then underperformance is a good opportunity to get equal-weight or slightly overweight.”
Under-performance in personal sector banks is only a passing part, Mehta mentioned.
“We remain quite positive on all the private sector banks, this underperformance is just a passing phase.”
One must be a bit cautious on midcap IT house, he mentioned.
“Largecap IT is a safe haven. Even from a trading point of view and a long-term investment point of view, top three-four IT companies with a big preference for HCL Technologies and Infosys could do well over the next few weeks,” he talked about.
Watch the video for extra
Disclaimer: The views and funding ideas expressed by funding specialists on CNBCTV18.com are their very own and never that of the web site or its administration. CNBCTV18.com advises customers to test with licensed specialists earlier than taking any funding choices.
