2008-07-09 11:09:58
Abhijit Chakraborty of Edelweiss Capital is positive on private banking stocks.
Chakraborty told CNBC-TV18, "Once one sees this kind of a sharp correction in crude oil price it was given that the interest rate sensitive sectors, which have been beaten out of shape would be the first and the ones to gain the most in this kind of a technical bounce back lead by short covering and therefore banks, real estate are the two sector where I think there would be sharpest amount of upside in this uptake. Within that obviously we would be more positive on the private banks in case of ICICI Bank and Axis Bank even in Public Sector Undertaking (PSU) banks I think State Bank of India and Union Bank are great value offering from the current levels."
Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the above stock/sector.
Chakraborty told CNBC-TV18, "Once one sees this kind of a sharp correction in crude oil price it was given that the interest rate sensitive sectors, which have been beaten out of shape would be the first and the ones to gain the most in this kind of a technical bounce back lead by short covering and therefore banks, real estate are the two sector where I think there would be sharpest amount of upside in this uptake. Within that obviously we would be more positive on the private banks in case of ICICI Bank and Axis Bank even in Public Sector Undertaking (PSU) banks I think State Bank of India and Union Bank are great value offering from the current levels."
Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the above stock/sector.
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