IndusInd Bank a good bet: PN Vijay

IndusInd Bank is a good bet, says PN Vijay, Portfolio Manager, askpnvijay.com.

Vijay told CNBC-TV18, “The best segment is private banks and they have all gone up about 8-10 percent after that. I still believe they are good buys for example, if Yes Bank’s performance is an indication today – a smart ramp up in earnings.”
He further added, “I would go for IndusInd Bank because it has got somewhat similar business profile and IndusInd Bank could be a great buy. Axis Bank has gone up a lot, it was below Rs 1300 just a couple of days ago and now it is close to Rs 1400. So, you may have to wait on Axis Bank and ICICI Bank but IndusInd Bank it is worth a buy before the results.”