Coal India looks attractive: UBS Securities

Coal India is looking very attractive at these levels, says Suresh Mahadevan, MD & Head of Indian Equities, UBS Securities.

Mahadevan told CNBC-TV18, "As sectors I think telecom and pharma should do well. My sense is some of the stocks have corrected so much that something like a Coal India looks very attractive at these levels. Something like Power Grid still could do quite well."
He further added, "We continue to like some of the selective banks like Federal Bank. There has been some foreign selling in that name but it is very attractive at these levels. We continue to like the gold finance companies both Muthoot and Manappuram where growth is going to be quite secular. I think those are some names where we still have very strong level of conviction."