Bullish on PSU stocks: Manish Sonthalia

In a chat with ET Now, Manish Sonthalia, Sr Vice President & Head–Equity Portfolio Management Services, Motilal Oswal Asset Management–PMS, shares his views on PSU sector.

ET Now: One stock or one pack which is trading cheap and has the potential to move up in a blue sky scenario in 2014 or for the next two years.

Manish Sonthalia: PSUs as a space has been hammered down way below what their fair value should be. If there is some stability at Delhi and the GDP of India starts to move up from current levels you have a couple of these reforms coming through, the entire PSU pack is going to really move up, should move up significantly, actually zeroing down within the PSU pack per se. The oil sector per se should do extraordinarily well.