Prefer Axis Bank from banking space: Neeraj Deewan

Neeraj Deewan of Quantum Securities told CNBC-TV18, "Among the private sector banks, there are banks like Axis Bank which also available at decent valuations because they have also corrected in the last two to three months. So, I will stick to those larger banks only as far as private sector banks are concerned though in the public sector bank space definitely you can take your picks because there are stocks which are beaten down and available with good valuations of 0.5-0.6 book value.""If one wants to play the alpha one should go for the public sector banks. With the private sector banks, one needs to play the growth story. I think you have the larger ones which are available at decent valuations, something like Axis Bank," he said.