Jan 11, 2017 04:24 PM IST | Source: CNBC-TV18

Positive on HDFC Bank, IndusInd Bank: Mehraboon Irani

Mehraboon Irani of Nirmal Bang Securities has a positive view on HDFC Bank and IndusInd Bank.

Mehraboon Irani of Nirmal Bang Securities told CNBC-TV18, "As far as the frontline stocks goes, Tata Motors was of my favourite. Possibly, we are looking at a price where we may learn to exit. That is one stock in which we may possibly, at a price, turn a little bit negative."

"As far as other stocks from the bank angle go, I continue to be positive on HDFC Bank and IndusInd Bank. These are stocks which we are going on banks. In the metal pack, some of the interesting names are on the midcap space. Names like NALCO, we are very positive on that and Hindustan Copper," he said.

"In themes, we like the dairy pack. I know for sure that the prices of skimmed milk powder are expected to go up because inventory is half of last year’s level and we like names like Kwality and we like names like Prabhat Dairy and even Parag Milk Foods. In sugar, we continue to remain very positive. There could be a slight lull, the stock could react a little bit. But in sugar, the story should continue for at least 1-2 quarters more and names like Dalmia Bharat Sugar and maybe Balrampur Chini Mills still remain good at the present level."

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