Cheap stocks to buy now are Yes Bank, ING Vysya: Nitin Raheja

In a chat with ET Now, Nitin Raheja, CIO, AQF Advisors, shares his views on banking stocks.

ET Now: Do you like anything out of the banking pack?

Nitin Raheja: We believe that Yes Bank has been sold out considerably. We saw the stock price collapse all the way down to 220-230 and now it trades at 350. On a relative basis, it continues to look cheaper than all its peer group. It has delivered numbers even as of this quarter and looks interesting. ING is again which looks cheap on a relative basis as such and extremely conservative bank the way they grow but nevertheless delivering solid numbers.

ET Now: Are you betting on some an M&A activity in ING because there is a buzz that the parent ING is looking at exiting that franchise completely?

Nitin Raheja: Well that is an upside that you play for but we are not really factoring that or making that the reason to buy the stock. Yes, that could be I would say an icing on the cake.