Want your portfolio to do well? Pick from these 6 large and midcap bank stocks: Sanjiv Bhasin

economictimes.indiatimes.com:

Sanjiv Bhasin, Director, IIFL Securities, says in power, “we would place our bets on NTPC, but REC, PFC would be our two top picks. We think this quarter’s results will be the best ever in the history of the company and like I said, diversification across the board in all power verticals is seeing very good upside on revenues and net interest income and margins.”

Bhasin further says is very bullish on ICICI, Axis, HDFC and Kotak and thinks Federal Bank will be a key beneficiary of expansion of gold loans. Also, RBL Bank is giving a very good opportunity. Your portfolio should do well if it contains 4-5 of these large and midcap stocks.

What does Tata Sons paring stake in TCS imply?
Sanjiv Bhasin: I think it is a routine booking of profit or reducing stake and they would be using that capital for extraneous purposes, maybe shoring up capital in other stocks or in their philanthropic causes, which do exceedingly well. I think it is part and parcel of the proceeds which they do systematically over a period of time. It will be a welcome step in the sense there will be enough people who will put their money where their mouth is. It should also see maybe a large part of the foreign portfolio be in, which should actually be better for the rupee. I think it is a part and parcel of how Tata Sons manages its resources and how they are reducing stake in the biggest hallmark company of the Tata Group, that is TCS.

Unlock Leadership Excellence with a Range of CXO Courses