Expect HDFC Bank to climb 10-15% in six months: Sandip Sabharwal

In a chat with ET Now Sandip Sabharwal, asksandipsabharwal.com, shares his top picks from the largecap pack.

ET Now: What are your top picks among laregcap stocks?

Sandip Sabharwal: Among largecap, L&T would be my best bet and that is one stock which should do well. On the banking side, HDFC Bank which raised equity six months back looks good. The stock price has remained stagnant. The bank is going strongly. The key is to look at the banks which will benefit out of the likely uptick, which have the capital and which do not have stressed assets. Although I am recommending HDFC Bank, it is not fancied because people think that is always a buy. But the fact remains that the scrip has not performed for the past six-seven months.

ET Now: But in last five years, irrespective of time and global environment, one has not lost money on HDFC Bank.

Sandip Sabharwal: True. That is what the play would be. Now that the consolidation phase is over for that bank and it could deliver 10-15 per cent just for this half year.