Buy banking stocks from an investment perspective: Sajiv Dhawan

Sajiv Dhawan, MD, JV Capital Services in an interview with ET Now talks about Bank of India, Indian Overseas Allahabad Bank and PNB.

What is your view on Bank of India, Indian Overseas Allahabad Bank and PNB?

In case of PNB, the investment call went around 1100 and has come off a bit. That is more for the patient longer term investors. If you are a trader, then you would probably look at Indian Overseas, Allahabad Bank. If these are the smaller size banks. From a regional perspective, their share price is attractive and you can get 5% to 10% upside. The caveat is always when you buy the banking stocks, probably try and buy them with an investment perspective and if you are trading, keep your stop losses in.