Edelweiss is a good bet in broking stocks: Nitin Raheja

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

ET Now: If given an option to let us say allocate 6-7% of your portfolio in a single stock after the recent run up where would you like to allocate that?

Nitin Raheja: Companies like Edelweiss or an IIFL are having changes in the business in the last four-five years. They are virtually quasi NBFCs right now with 70% of their revenues coming from the credit operations which were doing extremely well. They are trading at relative discounts to their peers, you have this whole cyclical upside of the broking names so I would look at probably putting our money on an Edelweiss.