One can expect markets to go high: Sudip Bandyopadhyay

In a chat with ET Now, Sudip Bandyopadhyay, President, Destimoney Securities, shares his views on market outlook.

ET Now: Now that we have gained 20-25% odd from the lows depending on what you count as a low, lot of sectors have participated already where is it that the bull case scenario seems possible to last for the next year-year and a half?

Sudip Bandyopadhyay: Definitely you are right. We have moved up quite a bit from the lows which we had seen last year but there is significant potential which we have not yet scratched the surface of the potential. Look at the entire infrastructure, cap goods, energy sector, we have been in some kind of limbo for over last three-four years and they were available at an extremely cheap valuation rightly so because of all the constraints even towards the end of 2013. Since early 2014 things have started improving but we are still seeing the trailer as far as these stocks are concerned. For Coal India, oil marketing companies, we have a long long way to go. The potential is huge. Because of multiple constraints they were restrained, they could not perform and we have not seen the real companies getting unshackled. These companies getting unshackled, we expect and hope that very soon that is going to happen and as and when that happens we will see the valuations going to a completely different level and all these companies deserve a kind of rerating based on the unshackling which will happen.