Hold ICICI, SBI, Shriram Transport, HDFC Bank: Kothari

Rajesh Kothari, MD, AlfAccurate Advisors told CNBC-TV18, “We do hold ICICI Bank. It is not in our top holding. In PSU, we have State Bank of India but apart from that we do not have any other major large banks.”

He further added, “We have few NBFCs, for example we hold Shriram Transport Finance. We believe that as the medium and heavy commercial vehicle (MHCV) recovery happens and CV recovery happens then Shriram is the best play in that. We also have a Repco Home Finance. We also have HDFC as well, but in top holding list, HDFC Bank is our top holding so as a combined it will be 20 percent.”