Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    Outskill Genai
    HomeNewsBusinessMarketsInvest selectively; HDFC Bank, ICICI top buys: Axis Capital

    Invest selectively; HDFC Bank, ICICI top buys: Axis Capital

    Nandan Chakraborty, Axis Capital says top buys in the financial space are large private banks like HDFC Bank, ICICI Bank while HPCL will be key beneficiary of low crude prices.

    September 15, 2015 / 09:56 IST

    Nandan Chakraborty, Axis Capital feels the market now is marginally lower than long-term average valuations as India remains an island of hope in a cloudy world.

    According to him, exports and capex are vulnerable while consumption is expensive. Thus invest selectively, he advises.

    He says top buys in the financial space are large private banks like HDFC Bank, ICICI Bank while HPCL will be key beneficiary of low crude prices.Within the infrastructure space, he likes L&T, Power Grid, NTPC and Tata Motors & Eicher Motors within the auto space.

    first published: Sep 15, 2015 09:29 am

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347