Centrum Broking's Nischal Maheshwari said Infosys and Tech Mahindra are the top picks in the IT space.
Nischal Maheshwari, CEO-Institutional Equities & Advisory at Centrum Broking is positive on the rural banking sector, especially on the corporate banking side.
"IndusInd Bank has been a very strong performer in the last few quarters and thereafter it's a laggard because now the preference has changed from retail oriented banks to more capex oriented banks, and that's why we are seeing this kind of a situation," he added.
"I continue to believe that retail banks should be in a bit of a pressure going ahead also," Maheshwari further added.
When asked about the auto sector, he said, "We prefer two-wheelers as rural demand will get a push given government's thrust."
He believes Yes Bank has a good buying opportunity, and thus gives out a Buy rating on the stock if it continues its earnings growth in the next two quarters.CNBC-TV18The Great Diwali Discount!
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