Gautam Chhaochharia of UBS India told CNBC-TV18, "Strategy wise we continue to be overweight on the banking space. Banking space will be volatile. Any turn of the economic cycle where there is a lot of uncertainty involved, where there is a lot of fragility, there will be volatility in these stocks and sectors."
He further added, "If you believe in the base case of our economic cycle recovery banks remain the best placed both in terms of valuations as well as in terms of earnings upside potential. To us that still remains the best way, we continue to be over weight on banks."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!
