Like UCO Bank: Prakash Diwan, Networth Stock Broking

Prakash Diwan, Head - Institutional Business, Networth Stock Broking, in a chat with ET Now talks about the midcap stocks.

There is a lot of activity in the textile space, midcap real estate in today’s session. What do you like here?

There is quite a list which is growing actually when you look at the midcap space. But my guess is that suddenly the shift in interest levels is because the FPOs, IPOs are actually meeting up with the helping need of the large cap appetite for most investors. So there is this whole thing of balancing it out with the midcap space which has not seen much of action for the last 2 specific weeks and that is exactly where this is more like a catch up there is valuation which is attractive for some of the bottom up picks.

We do like some of these stocks like UCO Bank, Dena Bank. We are very positive on the banking space. Lupin on the pharma side is looking very strong. Hindustan Oil exploration is another stock which we believe has tremendous value in the midcap space.