Wait for the December quarter results of PSU stocks: Ambareesh Baliga

In a chat with ET Now, Ambareesh Baliga, COO, Way2Wealth Brokers Pvt. Ltd. shares his views on PSU stocks.

What do you do with any of the PSU names or maybe even the private sector names?

I am clearly there is a fear that the NPAs will rise, so I would suggest that one should wait for the December quarter results to see whether your fears come true and the way the stocks are moving like what we see now is. It is basically a bounce back because the stocks have come down quite sharply but beyond this, I do not see much of a movement.