LIC, GIC and Indiabulls Housing Finance are good bets now: Phani Shekhar, Angel Broking

In a chat with ET Now, Phani Shekhar, Fund Manager-PMS, Angel Broking, gives his top stock ideas.

ET Now: What would be top of your mind in terms of an investment idea? I am not asking for a pick right now but from amongst the spaces that have done very well and there is Lovable Lingerie, TVS Srichakra, private banks etc, what would be top of your mind?

Phani Shekhar: We have been positive on housing NBFCs for quite some time. LIC, GIC and Indiabulls Housing Finance are part of our portfolio and the capital adequacy for a stock like Indiabulls Housing Finance is pretty comfortable. NPA levels are much below normal industry average that you associate with housing finance companies. GIC is the best there with 0% NPA. So these three stocks are something that are top of our mind and we continue to advice our clients to invest in them.