What to do with UCO Bank, Bajaj Electrical & Phoenix Mills

Lancelot D'Cunha, chief executive officer at Sharyans Wealth Management spoke to CNBC-TV18 about his strategies to play the market.

Below is the edited transcript of the interview. Also watch the accompanying video. Q: Good time to discuss midcaps because this space seems to be moving for the last three-four days. What are you picking for us today?
A: I am looking at UCO Bank because of the interest rates scenario. You have seen that interest rates may come off over a period of time and that will result in some amount of re-rating on the banks. UCO Bank has really fallen substantially. It is presently trading at almost half time its book value on concerns that there were a large amount of state electricity board loans. That seems to be around Rs 6,000 crore of which they really won