Avoid Indian banks and lenders in general for the next 3-6 months: Saurabh Mukherjea, Ambit Capital

Saurabh Mukherjea, Head of Equities, Ambit Capital (Fundamental Check), in a chat with ET Now, gives his call on Indian Banks.

Amongst all the earnings that you have seen, is there anything that has stood out in terms of sectoral or stock performance?

The banks have disappointed, and the banks will continue to disappoint, if I have to make and leave your viewers with one big call, I would say avoid Indian banks and lenders in general for the next 3-6 months. It is difficult seeing how that sector will produce any positive surprises over the next 3-6 months.

You do not believe all of that is in the price?

It is not in the price.