Godrej, South India Bank, Jagran good investments for now: Jagdish Malkani

In a chat with ET Now, Jagdish Malkani, Member NSE & BSE, shares his views on the markets. Edited Excerpts:

ET Now: What do you like in this market at these levels?

Jagdish Malkani: Godrej Properties. I have talked about it before. In this new fillip of 100 per cent FDI in construction, I am surprised that the real estate stocks have not really done. Some of the stuff has been quite amazing. The FDI norms have been drastically altered. There is a lot of excitement. It does not reflect in real sales. These things take time. The sheer FDI into realty is way ahead of the curve.

I like South India Bank in spite of the fact that it came out with higher provisions and therefore muted numbers. In this whole private bank space, it is conservative. It has got some very marquee investors like Mr Pabrai, whose only entry in the Indian market is South India Bank.

I also like my old favourite Jagran. The results were pretty decent now. The stock has been kind of in play. Compared to its peer D B Corp, this is a great play on the Hindi belt.