Sensex likely to breach 30,000 mark before Budget: Sudip Bandyopadhyay

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

ET Now: Your thoughts on this one what are we going to see first 30000 on Sensex or 9000 on Nifty?

Sudip Bandyopadhyay: Markets are trading at an all time high and numbers have no relevance. Every rise is a new high. So it is little difficult to say whether we will see 9000 or 30000 as it depends on the composition of the stocks which are increasing on a particular day. Our view is that we will probably get to see both before the Budget.

ET Now: Which stocks would you like to recommend for tomorrow session?

Sudip Bandyopadhyay: On the midcap side we like Gujarat Pipavav Port. We are looking at 20% plus upside in about six months time. The Pipavav Rail Corporation has become profitable and there is a significant value unlocking possibility in that part of the investments of Gujarat Pipavav. On the large cap side, we do continue to like ICICI Bank at current valuation. Fundamentally the ratios look much better compared to some other private sector large cap banks.