DLF looks quite attractive: Ajay Bodke

Ajay Bodke of Prabhudas Lilladher Private Limited is of the view that DLF looks quite attractive. “On the PSUs from the short-term perspective we are expecting the results will be very positive for Bank of India,” he adds
 
Bodke told CNBC-TV18, “DLF looks quite attractive from the current levels simply because we are expecting interest rates now to come down by around 75 bps. The company’s debt will come down from Rs 24000 crore to Rs 15000 crore by June and to around Rs 18000 crore by March because of sale of noncore assets and the company is also expecting to raise some equity. On the banking side some of the beta banks like ICICI Bank is what we are looking at.”
 
He further added, “On the PSUs from the short-term perspective we are expecting the results will be very positive for Bank of India because asset quality concerns that the market has, we believe the bank will be able to deliver far better than what market is expecting. In the autos we would go with Maruti Suzuki and in IT we will be looking at Wipro. Ranbaxy and Dr Reddy’s Laboratories from pharmaceuticals large caps is what we are looking at.”