Tuesday 4 November 2008

Hold PSU banking stks: Dhawan

Sajiv Dhawan of JV Capital Services is of the view that one can hold PSU baking stocks.

Dhawan told CNBC-TV18, "Banking is a sector, which has been liked probably for two reasons. Over the next coming one year, the sector has been heavily sold off but again it obviously had a good bounce of 20-30% from the lows, on today’s news you must have seen all the banking stocks again rally sharply. It is one sector with the constant flow of good news will probably remain in the limelight, so hold on to your PSU banking stocks. Private sector banks can be bought with a bit more speculative money considering the liquidity situation, the fear that investors have for those banks at the moment. But otherwise it is a sector; I won’t be in any particularly in hurry to get out of just yet."

Source: Moneycontrol

Posted by Harsh at 06:38

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)
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.