Nischal Maheshwari positive on baking space

Published on Fri, Mar 19, 2010 at 10:02 |  Source : CNBC-TV18

Updated at Fri, Mar 19, 2010 at 12:39  

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Nischal Maheshwari, Edelweiss

Excerpts from Bazaar on CNBC-TV18 Watch the full show ยป

Nischal Maheshwari , Edelweiss is positive on banking space.

Maheshwari told CNBC-TV18, "In case of banking we are very positive that the credit growth has to pick up and credit growth pick up is going to negate all the impacts of an interest rate increase, which also is going to happen maybe in this policy in the April. But the credit growth is going to be far more. So we are very positive on the banking space and ICICI Bank there being a top pick."

He further added, "On the metal side, we continue to believe that as the international economies also grow and improves; the consumption for the base metal is going to go up. So we believe that the prices are going to remain stable or go up from here and JSW is one of our top picks there."

  

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