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Look at PSU banks: Vijay Chopra

Vijay Chopra of enochventures.com is of the view that one may look at PSU banking stocks.

October 26, 2017 / 14:54 IST

Vijay Chopra of enochventures.com told CNBC-TV18, "Yes Bank has had a dream run and we have seen this stock going up quarter on quarter. But there has been some kind of a major revamp in the entire banking system since the last two days. A lot of money has shifted to public sector banks which were trading at a discount. So my sense is that probably we might see public sector banks performing well."

"If you are invested in Yes Bank, irrespective of the results, it is a good bank to have in a portfolio, there might be some blips. But if at all you want to make more money on your buck, my sense is that get into some good story bank like Syndicate Bank or Andhra Bank or banks like these or a Vijaya Bank and get you a better return on your investment. So, although it is a good bank, but I think public sector banks should do better," he added.

first published: Oct 26, 2017 02:54 pm

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