NIFTY 50

Market in fair value zone; neutral on cement: UTI AMC

Updated : October 20, 2020 11:38 AM IST

“Banks have raised capital well in advance this time,” said Vetri Subramaniam, Group President & Head-Equity at UTI AMC in an interview to CNBC-TV18.

He said current valuations of banks were supportive.

On IT, Vetri said there were structural elements driving the turnaround.

“There are strong tailwinds which the IT sector will benefit from and these could perhaps run longer,” he added.

On cement, he said, “I am neutral towards this area. There could be some cyclical benefits that kick in, if you see infra spending go up, but yet to see any significant indications of that.”

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