Anu Jain, Vice President of IIFL Private Wealth Management is of the view that Banks still has 10% upside. It is a strong sector.
Jain told CNBC-TV18, "Yesterday we had a breakout only in State Bank of India and to an extent in HDFC Bank and the smaller banks though Bank of Baroda was really showing some kind of traction we didn't really see that materialise today. But as the market opened and we saw, it just took it off from there and it looks like, I don't know there is some kind of anticipation which is building up for the Budget or there is something else but definitely breakout in all the banking stocks and not for just a one or two percent move more. It looks like there could be a possible 10% move in banking which is possible yet. So it is one of the strongest sector at least on today's date."
