SBI continues to be disturbing: P Phani Sekhar

In a chat with ET Now, P Phani Sekhar, Fund Manager-PMS, Angel Broking shares his view on SBI.

ET Now: State Bank of India after the disappointing asset quality and slippages what is the call on the stock?

P Phani Sekhar: SBI continues to be disturbing and as far as other results such as Marico in midcap FMCG is concerned there again results have been exceptionally strong, stronger than what I had expected but I guess the valuations out there are so elevated that I guess these results will at best try and help those valuations to hold on. Nothing I guess for the longer term investor out there as well.