Buy IDFC at dips: Fayeza Hafizee, Institutional SalesIntime Spectrum Securities Ltd
IDFC has seen a significant movement.
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| Fayeza Hafizee, VP, Institutional SalesIntime Spectrum Securities Ltd, in a chat with ET Now talks about banking stocks.
You like stocks like Karnataka Bank and IDFC from a medium-term timeframe. What about the bigger banks?
You could look at private sector banks above the larger PSUs. The larger PSU banks have sort of played out for now. They have seen sharp dips. An SBI may be at 2800 levels and if it goes down again would be a good buy, but I would not look at that.
But among the private sector banks, Kotak Bank at a dip would be interesting. Axis Bank again at a dip would be fairly interesting. So these are counters that we do like. IDFC, the stock has seen a significant movement today and we prefer it at dips, so may be around the 195-196 levels or something, we could get into IDFC as well.
You like stocks like Karnataka Bank and IDFC from a medium-term timeframe. What about the bigger banks?
You could look at private sector banks above the larger PSUs. The larger PSU banks have sort of played out for now. They have seen sharp dips. An SBI may be at 2800 levels and if it goes down again would be a good buy, but I would not look at that.
But among the private sector banks, Kotak Bank at a dip would be interesting. Axis Bank again at a dip would be fairly interesting. So these are counters that we do like. IDFC, the stock has seen a significant movement today and we prefer it at dips, so may be around the 195-196 levels or something, we could get into IDFC as well.
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