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Corporate lenders likely to do 'very well' for the rest of the year, says Sanjiv Bhasin of IIFL

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Sanjiv Bhasin , EVP-Markets & Corp Affairs at India Infoline, spoke to CNBC-TV18 about the equity market and individual stocks.

Sanjiv Bhasin , EVP-Markets & Corp Affairs at India Infoline, spoke to CNBC-TV18 about the equity market and individual stocks.
Bhasin shared his views and readings on Axis Bank, ICICI Bank, Larsen & Toubro (L&T), pharma space, ITC, UltraTech Cement, Tata Motors, Motherson Sumi Systems, Suprajit Engineering, Hexaware Technologies and Reliance Industries.
Talking about ICICI Bank and Axis Bank, he said, “We have seen that corporate lenders have cleaned their books over the past few quarters. So if you are going to see credit expand on the corporate side on the revamp in capex expansion and so on, I think Axis and ICICI fit the bill.”
“The stocks have run up very sharply. We think the market may be looking a tad overbought but on decline we think corporate lenders are going to do very well for the remaining part of the year,” he added.
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