Amisha Vora positive on PSU banks

Amisha Vora, Joint MD, Prabhudas Lilladher is positive on PSU banking space.
 
Vora told CNBC-TV18, “I wouldn’t compare a metal sector with the banking sector as such and we continue to remain positive on the banking sector. Last full year was a year of private sector banks. Most of them as compared to public sector banks have given phenomenal returns. Going forward if one takes a full one year view then I think that from current level PSUs will give better returns with their own share of little up’s and down’s.”
 
He further added, “Overall on a 12 months basis PSU banks will give better returns from current levels, that’s one theme that we are looking at. Metals I think would continue to remain selective; some of the issues getting sorted out internally in India may give a push to stocks like JSPL which has been into some trouble off-late. However broadly as a sector I don’t think one would like to really look at that which is so much internationally linked in terms of prices and margins. One would still like to focus on both which is as such called high beta, but the infrastructure side of the economy where everything which has possibly had to go wrong has gone wrong in terms of slow execution to high working capital days to very high interest rates and of course the inquiries – CBI, media, so on and so forth. So, from that angle as well as looking forward to revive the economy some of these sectors definitely need to be revived, which is infrastructure and beyond that capital goods. So, that also would be a sector which one a 12 months perspective should look very interesting.”