homevideos Newsmarket NewsPSU banks may offer more delta; prefer industrials, infra: Avendus Capital
PSU banks may offer more delta; prefer industrials, infra: Avendus Capital
The public sector undertaking (PSU) banks may offer more delta than private sectors, said Vaibhav Sanghavi, Co-CEO of Avendus Capital Alternate Strategies on Thursday.
The public sector undertaking (PSU) banks may offer more delta than private sectors, said Vaibhav Sanghavi, Co-CEO of Avendus Capital Alternate Strategies on Thursday.
Speaking in an interview with CNBC-TV18, Sanghavi said, “We are entering into sectors like industrials, infrastructure and public sector undertaking (PSU) banks.”
PSU banks are a value buy opportunity, he added.
“We are not saying that private banks will not do well; they have a very robust business model and will continue to grow. However, we are saying that’s it’s an opportunity to invest in something which is cheap in terms of valuations and with the union budget announcement of strategic divestment of a couple of PSU banks, possibly these macro steps which have come about, has the potential to unlock some value onto PSU banks,” Sanghavi.
Watch the video for more
(Edited by : Ajay Vaishnav)
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