Moneycontrol
Jan 10, 2017 04:15 PM IST | Source: CNBC-TV18

Experts say continue with longs; upbeat on IndusInd Bank

With IndusInd Bank reporting a decent set of numbers for the third quarter, most experts are upbeat on the stock. According to Dilip Bhat of Prabhudas Liladher the stock remains a top pick for them and says it is a must for every portfolio.

The Nifty today ended the day with marginal gains of 52.55 points or 0.6 percent to end the day at 8288.60 on back of upbeat global markets.

Prakash Gaba of prakashgaba.com expects the Nifty to cross 8319 and beyond, so would continue to run go long in the market.

With IndusInd Bank reporting a decent set of numbers for the third quarter, most experts are upbeat on the stock. According to Dilip Bhat of Prabhudas Liladher the stock remains a top pick for them and says it is a must for every portfolio.

Independent expert Anand Tandon too did not expect anything largely negative from IndusInd Bank because of their focus on commercial vehicles portfolio.  It is a consistent performer in the private sector space and expects it to lead the pack if the sector performs well.

Bhat is a bit apprehensive of the verticals that Max Ventures is getting into but says the management is good.

From the tech stocks, Bhat says both Infosys and TCS are a buy on declines.

For the entire discussion, watch video

Speaking on expectations from Reliance Industries' third quarter says he would be neutral on the stock because he does not expect any surprises from the company.

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