Union Bank a safer bet: S Mahadevan
March 25th, 2009
Suresh Mahadevan, Head-Research, UBS Securities is of the view that Union Bank is a safer bet.
Mahadevan told CNBC-TV18, “If you look at our top picks, we are still little bit more defensively positioned; ITC, Cipla are still there as top pick obviously these are consumer staple, pharma. On the banks we are little bit more adventurous and we really like ICICI Bank; we think it’s quite compelling even at current levels after this recent rally. We like Union Bank, which is a safer bet. In the IT space we prefer Infosys. So these five stocks will be top five out of the 90 odd stocks we cover.”