Bullish on select NBFCs, mid-sized private sector banks: Anup Bagchi, ICICI Securities
"We will advise the investors to be overweight financials and select NBFCs, private banks and one or two large public sector banks," Bagchi said.
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In a chat with ET Now, Anup Bagchi, CEO & MD, ICICI Securities, shares his views on the market outlook ahead of the elections. Excerpts:
ET Now: What is your view about the large cap stocks and some portfolio strategies?
Anup Bagchi: Our house call is that there is going to be a rally before the elections and the portfolio should be constructed in a way that 50% of it has exposure to external factors. For example, IT and pharma are two sectors that one has to be positive on and particularly on some of the companies that essentially are quite external factor-driven and not so much internal factor-driven.
We will advise the investors to be overweight financials and select NBFCs, private banks and one or two large public sector banks, but in general, one should be certainly underweight of the mid-sized public sector banks.
ET Now: What is your view about the large cap stocks and some portfolio strategies?
Anup Bagchi: Our house call is that there is going to be a rally before the elections and the portfolio should be constructed in a way that 50% of it has exposure to external factors. For example, IT and pharma are two sectors that one has to be positive on and particularly on some of the companies that essentially are quite external factor-driven and not so much internal factor-driven.
We will advise the investors to be overweight financials and select NBFCs, private banks and one or two large public sector banks, but in general, one should be certainly underweight of the mid-sized public sector banks.
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