Friday 31 October 2008

Buy tele, banking stocks; stay away from IT: ABN Amro

Jignesh Shah, Head Equity Analyst, ABN Amro Private Banking India feels Bharti’s results were in-line with his estimates. He is bullish on the telecom as he sees a growth path in that sector.

Shah is positive on the banking sector as well. “The numbers have been better than expected within the banking sector. Going forward growth will continue.”

Shah however, is not confident about the IT space due to its exposure to the US and European markets that are witnessing a slowdown

Source: Moneycontrol

No comments:

Post a Comment

DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.