IndusInd Bank, HDFC Bank, SKS Micro top bets: Rahul Arora

Rahul Arora, CEO of Nirmal Bang Institutional Equities told CNBC-TV18, "On private sector banks in the largecap space, we are positive on IndusInd Bank. That will be our top pick at this point in time. It will be followed by HDFC Bank, Axis Bank and ICICI Bank.""Federal Bank which has started to move a little bit off late has been a bit of an underdog and in the non-banking space SKS Microfinance has given such a beautiful correction though it is off its 52-week lows. It has seen a bit of a rally and there has been better newsflows surrounded by it. I still think SKS Microfinance would give you about 40-50 percent if you have one-year horizon from here," he said."Play more private sector banks, within private sector sort of tilt more towards IndusInd Bank, HDFC Bank and Federal Bank and in the non-banking space, SKS Microfinance would be our top bet.""One can look to buy Colgate Palmolive and Procter and Gamble. They will keep compounding year after year and will continue to hold these stocks. One can also buy Just Dial as a trading bet."