'Oil and gas ca show 10-12% move in long term'

ET Now caught up with Anu Jain, Vice President, IIFL Private Wealth Management, India Infoline, to get her views on the outlook of oil and gas, steel and banking stocks.

How do you see oil and gas, steel and banking stocks really play out?

Among the three, my first pick would be banking and if I had to really not take a call, I would probably buy the banking index itself. Top pick or the top performer which has been and which will continue to outperform would be the banking index.

Oil and gas has underperformed, but as of now it is catching steam. So, whether it's Cairn or Reliance, the sector is waking up. There could be a 10% to 12% move over a longer period of time. Metals continue to outperform.

Steel stocks will have very selective moves, but you could have some very sharp up moves and then periods of consolidation. If you have the kind of system where you can take the risk, then even steel will be fine. But, among the three of them, if you are taking a risk adjusted return, then banking would kind of outperform.