Why Sanjiv Bhasin is ready to put his money in IDFC First and ICICI Bank

economictimes.indiatimes.com:

Sanjiv Bhasin, Director, IIFL Securities, says “Mr Vaidyanathan, according to me, is the best banker in India. I see no letup in this stock. Yes, it is an expensive stock. It has run up far in excess but who is to blame? There was so much under-ownership and IDFC First is headed higher.

Bhasin also says that “Page Industries is a must-have. It is one of the best consumer stocks. Wait for declines to add some. Also, Indian Hotel or a Devyani or a United Spirits cannot be rebuilt.”
IDFC First Bank has managed to outperform its other banking peers but do you think most of the rally is over and it is time to switch into other names?
For the last two years, I was advocating this stock at Rs 30-35. And there would always be the argument on why should it perform? It was a lending institution and so on. And I only pursued that stock on the basis of Mr Vaidyanathan. Today, there is a sell report or whatever, but Morgan Stanley has been bearish from Rs 30. How will he justify Rs 100? The business is humongous.

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Mr Vaidyanathan, according to me, is the best banker in India. I see no letup in this stock. Yes, it is an expensive stock. It has run up far in excess but who is to blame? There was much under-ownership and IDFC First is headed higher. As a disclosure for me, IDFC First Bank will be the next HDFC in the making in the next five years. Please stay put. If you are invested and if you are looking for corrections, then this would be a good opportunity as it consolidates closer to Rs