HDFC Bank is always a 'buy' as it is a very "steady bank", said Gurmeet Chadha, Co-Founder & CEO, Complete Circle Consultants.
"They are doing pretty well across CASA, across retail loans, on the SME side; overall I am quite positive,” he said in an interview with CNBC-TV18.
“Considering the experience with Vedanta in the past, there are better plays. You can play Hindalco, some of these steelmakers are the better bets to play the commodity cycle,” said Chadha.
On Mrs Bectors Food, Chadha said, “If you compare Jubilant Food and Westlife Development with Mrs Bectors Food, I think the management and the quality standards cannot be compared apple-to-apple manner. I would still prefer Jubilant FoodWorks on dips. I am seeing a big recovery on a same-store-sales-growth (SSSG) basis. I would stick with Jubilant FoodWorks for now but not at this price.”
Chadha advised keeping Affle India on the watchlist. “This is something which we will fundamentally consider over a long period, keep this in your watchlist. It is a very different model. There is a potential of revenue getting multiplied and probably becoming 3-4x if they get their act together,” he said.
Valuations for RBL Bank are still reasonable, according to Chadha. “State Bank of India (SBI) is a better bet. That is something one can play better and valuations are probably lower than the great financial crisis we saw,” he said.
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