Bank of India a stock to watch out: Saurabh Mukherjea, Execution Noble

Saurabh Mukherjea, Head of Indian Equities, Execution Noble, in a chat with ET Now talks about stocks and the results.

Out of results, is there any stock that you really like?

I have 3 stocks: HCL Tech, Redington India and CCCL. Decent set of results, momentum behind the business, external conditions will favour these businesses. But looking out more generally, the one where we have been very pleasantly surprised and relieved is Bank of India.

We had a buy on Bank of India for 6-7 months and we saw couple of rough set of numbers in Q2-Q3 and Q4 last year. So it is very pleasantly surprising to see Bank of India post such a strong Q1. There is a recovery story in Bank of India and people should look at the stock quite closely.