Use any rallies to switch from IT to domestic themes: Vinit Bolinjkar

economictimes.indiatimes.com:

I am staying away from the IT space. This is the fifth quarter in succession that we are clearly staying away and you have not lost anything because your money worked itself to give you fantastic returns from the domestic plays, says Vinit Bolinjkar, Ventura Securities. Edited excerpts:

Let us understand the different spaces wherever the earnings have made a mark. First, we want to understand the bank rally which started last week, which kicked off with a good set of numbers from ICICI Bank and majorly the private side of the banks have registered good growth. Now it is the time for SBI to post numbers next week and this weekend is Kotak Mahindra Bank. How should we approach the banks from here now?

It is still a positive trend as far as banks are concerned. SBI will be an outperformer over the next one year because it has been a laggard as far as the banking rally is concerned so far. It has just managed to catch up in the last three months in performance and I think from here, there could be a lot of outperformance from SBI and this stock could touch about 1000 bucks over the next 12 months.

Unlock Leadership Excellence with a Range of CXO Courses

Kotak Bank is suffering from the pains of RBI strictures and until that is sorted out I do not think this stock is going anywhere. So, 1600 was a strong support level that has