Prefer private sector banks: Parag Thakkar

Parag Thakkar of HDFC Securities told CNBC-TV18, "Valuation wise ICICI Bank remains the most attractive one. They have insurance business also. However they have lended to some infra sector exposure. So, there is a asset quality overhang in that stock. However on the valuation front, on the liability side front, CASA front everywhere they are absolutely fine. So, we like all of them. We are hardly growing at 5.5 percent and Kotak Mahindra Bank reported 30 percent growth in their profits. So, they are a compounding machine. When the economy gets back on track they can grow even more, plus asset quality for example for ICICI Bank or Axis Bank also might see some improvement in second half."

"So, we like private sector bank as a entire pack. Amongst the metal stocks Hindustan Zinc looks very good because that is a stock where outlook on that particular commodity is also very good. Zinc is in short supply, it is going to remain in short supply because many mines are closing down, plus you have these external factors like China stimulus. If they also come in, that stock looks really good and they have got Rs 30000 crore cash on their books," he said.