JSW Steel has lot of headroom: Sukhani
Shashank Khade of Kotak Securities is of the view that banking would be a far better bet.
Khade told CNBC-TV18, “Banks would be the better option on rate sensitives. If you really analyze what’s really going up it is clearly stocks, which have been having or dogged with a lot of pessimism and clearly those are the stocks which give you large upsides and you can’t be really looking out for a safe zone or just to pretend to be invested in equities. The one way to take calls in equity now to make money, clearly it has to be those high risk bets which probably one month back you didn’t even want to touch, so clearly banks has been where the pessimism has been the highest and we have really looked at months of February and March being spend on the accretion on NPA’s happening in various banks.”
He further added, “On the rate sensitive bits, banks would continue to be best bet though a lot of factors are clearly not in favor of the banks, be it for treasury gains or losses scenario or for that matter the slowing down of credit and the accretion to NPA’s but clearly the stock futures are doing well are the ones which are really contrarian in nature. So banks would remain a far better bet and even real estate because here if your call goes wrong, there is more to loose and no support in terms of fundamentals to really buy into and reason it out. So I still believe banks would be a far better bet and also real estate.”