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March 15, 2019 07:11 PM | Business

Quantum Securities positive on Reliance Industries, IndusInd Bank & Kotak Mahindra Bank

Quantum Securities on Friday said the house is positive on Reliance Industries Ltd (RIL), IndusInd Bank and Kotak Mahindra Bank.

In an interview to CNBC-TV18, Neeraj Deewan, director, said, "The kind of news flow that is coming around RIL, with the crude prices also going up a bit, I think it definitely makes a case to stay invested in the company. If one needs to invest fresh, I think for that fresh investment one should wait for volatility or for some dips in the market. However, investors should hold on as the trend is positive and the kind of inflow that is coming and the news flow around RIL, there is definitely upside potential from these levels also."

"IndusInd Bank and Kotak Mahindra Bank were down because of certain reasons. Kotak Bank was down as the news of stake was overhang and the stock did not participate the way HDFC Bank or other private sector banks had participated. So, I think Kotak Bank and IndusInd Bank are doing that catch-up rally as we have seen foreign institutional investors (FIIs) money coming in. FIIs normally like stocks like IndusInd and Kotak Bank. Even at the current prices whether it is Kotak Bank or IndusInd Bank, I like both of them. Even if someone wants to invest for the next one and a half years, even at current levels, they can accumulate and get a decent return. Even in the last quarter, the credit growth that was there in both these was very good. So, if they are growing at 17-20 percent, I think at this level also it makes sense to invest in them."

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.

Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
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