Prasanth Prabhakaran, Senior President and CEO, YES Securities said, he is positive on Gruh Finance and HDFC Limited.
Speaking on financial space he said, "In NBFC we are liking Gruh Finance. It has been on our radar for quite some time and remains a space that the government also focuses on. Apart from that in larger ones HDFC Limited is a buy. We would prefer sticking to the larger names not just in financials but overall as far as the markets are concerned."
On oil market companies he said, "Crude has come down and whatever happened when it fell is what has got reversed in the short term but it is not a long term hold into anybody's portfolio. These are largely commodity driven rally stocks which you will have to be clear that it can be a small portion of your portfolio and not have a large exposure to these stocks."
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