Not bullish on financial stocks: Ambareesh Baliga

ET Now spoke to Ambareesh Baliga, VP, Karvy Stock Broking Ltd. For his views on financial stocks.

Any of the financial stocks that you particularly like?

Financial stocks not really. I think from the banking angle there is a lot of interest but that is still sometime away and looking at the valuations right now and looking at the way they could perform possibly over the next two quarters where we expect a lot of margin pressure now on the financial stocks as such so I think at this point of time I am not going for it.