SENSEX
NIFTY 50
Hang Seng
Taiwan Weighted
MCX GOLD DEC 05
MCX SILVER DEC 05
USD/INR
EUR/INR80.0630

SENSEX
NIFTY 50
NIFTY MIDCAP 100
S&P BSE MIDCAP
Hang Seng
Taiwan Weighted
DAX
Nasdaq
MCX GOLD DEC 05
MCX SILVER DEC 05
MCX CRUDEOIL NOV 16
MCX NATURALGAS OCT 26
USD/INR
EUR/INR
GBP/INR
JPY/INR

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Oil holds near one-month highs as demand forecasts raised

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Positive on PSU banks; advises to have long-term view on Nazara Tech: Dipan Mehta

Updated : March 30, 2021 10:30 AM IST

Dipan Mehta, Director at Elixir Equities, is very positive on public sector undertaking (PSU) banks.

"Next 12 months would be a golden period as far as PSU banks are concerned in terms of stock price returns. They may deliver appreciation even higher than their private sector peer group, so very positive on PSU stocks,” he said in an interview with CNBC-TV18.

He believes that PSU banks are going to be big beneficiaries of non-performing assets (NPAs) resolution as and when they do take place.

On Bandhan Bank, he mentioned, “Bandhan Bank will be the biggest beneficiary. If overall recoveries are picking up well in Assam and West Bengal, then you could see lower credit cost coming to Bandhan Bank and that is the benefit for the bank and it could give good appreciation to the stock price over the next six-twelve months."

He also talked about Nazara Technologies. "Good pedigree, great track record and if you want to play this very exciting investment theme of gaming and increase time and money spent on gaming and related App, then Nazara is the only stock which is available for you to bet on at this point of time,” he stated.

"However, one needs to be a bit careful and have a slightly longer-term view on this stock. 60-70 percent appreciation could be a good price point to enter the stock," he added.

According to him, the best period for metal stocks is behind them.

"No doubt, they will report excellent numbers in next two-three quarters on account of increased realisations. However, going forward there will be resistance as far as an increase in prices is concerned in a lot of these metal companies. I would typically like to buy steel and aluminium when they are at the bottom of the cycle from the long-term investment perspective and these stocks are not trading at the bottom of the cycle. So we could have a further 10-15 percent trading rally,” he said.

For more, watch the video.

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

Published : March 30, 2021 10:30 AM IST

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