Nischal Maheshwari, CEO Institutional Equities and Advisory, Centrum Broking continues to be constructive on the market.
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“Sooner or later, the demand/supply is going to match and we are going to see prices coming off on the commodity side. So we will wait to see that and that is why I continue to be constructive on the market,” he said.
Maheshwari has been positive on the State Bank of India (SBI).
“Incrementally we have to start looking at few more names as the corporate banking and the economy starts improving. Bank of Baroda (BoB) is another name which we like out there in this space. SBI still continues to remain favourite,” he mentioned.
Oil marketing companies (OMCs) have very good value, Maheshwari said.
“Steel Authority of India Ltd (SAIL) is another good stock out there. It is time to start looking at good quality second-tier banks. City Union Bank is our top favourite out there. DCB Bank, there are a good lot of banks in second-tier space.”
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