Hold IOB, bullish on banking space: Bonanza Portfolio Limited

Avinash Gupta, Assistant Vice President Research Equity, Bonanza Portfolio Limited in an interview with ET Now talks about banking space.

What is you take on the banking space, particularly IOB?

We are bullish on the banking space. This space is doing well and IOB is right now quoting significantly below its book value and the stock should be held. These are temporary problems. The bank will overcome them.