Markets reversing? Sudip Bandyopadhyay on 5 stocks to consider now

Sudip Bandyopadhyay, Group Chairman, Inditrade Capital, says post correction, some of the larger banks, particularly SBI, is looking very good for somebody willing to build a long-term portfolio, Apart from that, one can look at some of the down-and-out banks which took a hit because of multiple reasons, particularly asset quality issues on the microfinance book. IndusInd Bank is one bank which I will definitely recommend from a little aggressive investors’ point of view. It is a good time to start buying into IndusInd Bank as well. Among pharma companies, one can go for domestic focused pharma companies like Mankind Pharma and pharma companies having significant manufacturing facilities in the US like Piramal Pharma.

The other stock Bandyopadhyay likes is a defence PSU. There is a significant opportunity for Bharat Electronics (BEL) to perform and outperform. This correction should be taken as an opportunity to accumulate this stock.

Some of the markers seem to be reversing. Crude is on our side and now RBI also is pumping in a whole lot of liquidity in the system. Do you think that is enough to turn around the markets?
Sudip Bandyopadhyay: Well, it may not be enough in the long term, but the short-term market is very much excited.

Also, you must remember that a lot of good things are happening in Europe. Their debt ceiling, which they had imposed on themselves, they are agreeing to breach that, so specifically Germany and incremental liquidity, incremental economic activity in Europe is good for countries like India.