Second rung banks may give 10%-12% return: Hemang Jani, Sharekhan

In a chat with ET Now, Hemang Jani, Senior Vice President, Sharekhan, shares his views on banking sector.

ET Now: What are you advising clients with regards to infra or PSU banks, have you recommended any names to your clients?

Hemang Jani: We have already seen the top rung banks going up by about 8% to 10%. Some of the second rung banks such as Bank of India, Syndicate Bank or Canara Bank, are looking promising because we have not really seen that bigger move in those counters. They have also been beaten down badly. So, we believe that Canara Bank, Bank of India or a Syndicate Bank can give another probably 10% to 12% kind of upside.