Published on Wed, Sep 17, 2008 at 10:36 | Source : CNBC-TV18
Updated at Wed, Sep 17, 2008 at 18:03
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PSU banks look attractive: Vijay
Portfolio Manager, PN Vijay is of the view that PSU banking stocks are looking attractive. The rally in the bond market of almost 100 bps last two months will definitely add to their incomes in the coming quarter.
Portfolio Manager, PN Vijay is of the view that PSU banking stocks are looking attractive.
Vijay told CNBC-TV18, "We did go into banking big time in July because we foresaw that inflation at 13%, the only way it can go down and the banks especially the PSU banks have been very conservative; they had made proper provisions for their investment portfolio and the rally in the bond market of almost 100 bps last two months will definitely add to their incomes in the coming quarter. They have run up a lot in this market but even then I would say that the PSU banks are still looking very attractive to me."
Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the above stock/sector.
