Jitender Kumar bullish on HDIL

Jitender Kumar of SBICap Securities is of the view that BoB, PNB ICICI Bank look good. “I am bullish on HDIL,” he adds.
 
Kumar told CNBC-TV18, “Bank of Baroda (BoB), Punjab National Bank (PNB) and even ICICI Bank look good, Axis Bank is holding for last three-four days. So my pick is banking sector and the second sector is metal. So banking and metal, since infrastructure does not have much weight in Nifty so these two sectors are very likely.”
 
He further added, “HDIL is a high beta stock and the way market has pulled up today and whatever four trading days are pending so I am more bullish. I am looking at HDIL coming to Rs 120-115 very easily. So Rs 120 levels for HDIL. Second stock is JSW Steel. It is a metal sector high beta. I am looking for levels of Rs 850 in it.”
 
Disclosure: I do not own any of these stocks but my company and my clients may have positions.