PSU banks will outperform, can give 50-60% return: Sanjay Dutt

Sanjay Dutt of Quantum Securities told CNBC-TV18, "I really can't game what is going to happen in the next fortnight or a month or two but if I have to really look at a crystal ball and hazard a guess because you can't really game market prices ahead. I think there is a doubt about the fact that the PSU banks will outperform the markets in the next year or two. Worst is behind them and things are starting to look better for the economy. Therefore obviously lending would pickup and lending would begin. I think interest rate cycle is not really a drag for the banks.""On balance, I think PSU banks are very well positioned even though they have gone up 60 percent. I think still there are a large number of banks which look very attractive that can still give 50-60 percent return even from the current level in the next year or so. So, I think the rally in the PSU banks has probably just begun, so there is more potential ahead, no doubt. On a relative basis, if you look at them versus the NBFCs and the private banks, they are at a deep discount," he added.