IDFC a safest bet: A Srivastava

Ajay Srivastava, Dimensions Consulting is of the view that IDFC would be the safest bet in terms of commitment and conviction.

Srivastava told CNBC-TV18, "IDFC would be the safest bet in terms of commitment and conviction. The least risk and much more assured returns."

He further added, "Between Unitech, ICICI Bank, I would go for Unitech at this point in time. We do not know the exact numbers for ICICI but lot of rumours we hear in the market, the problem they are facing, they got major issue with their housing loan segment in the market; they are almost out of from most consumer loans at this point in time. So one is not clear with what’s happening with ICICI; visibility is not coming out, clarity as to what exactly the true situation inside the bank. It’s been badgered by the stock market but too many rumours in the market, too many news filters.  Unitech, even if land bank hasn’t badgered out, out of shape and between those two I would choose Unitech."

Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the above stock/sector.