SBI is a buy: Raamdeo Agrawal, Motilal Oswal Financial Services
If one wants to play safe, buy SBI because the correction is quite deep.
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| Raamdeo Agrawal, Jt. MD, Motilal Oswal Financial Services, in a chat with ET Now talks about State Bank of India.
You like autos and banks, is it Hero Honda or SBI for you now?
Both are very cheap but if I want to play safe, I would buy SBI because the correction is quite deep. It is available at about 9-9.5-10 times current year.
The prospects of banking and the high level of savings rate and predictable good demand for the credit, good profitability structure, lower credit cost at 9-10 times with the growth of about anywhere between 15-17% looks to be a reasonably good bet where I can double my money in at least next 4 to 5 years.
You like autos and banks, is it Hero Honda or SBI for you now?
Both are very cheap but if I want to play safe, I would buy SBI because the correction is quite deep. It is available at about 9-9.5-10 times current year.
The prospects of banking and the high level of savings rate and predictable good demand for the credit, good profitability structure, lower credit cost at 9-10 times with the growth of about anywhere between 15-17% looks to be a reasonably good bet where I can double my money in at least next 4 to 5 years.
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