Private bank space looks attractive, says UR Bhat of Dalton Capital Advisor

The Indian capital market has revived because money is still coming in from investors and private sector banks continue to do well, says UR Bhat, Director of Dalton Capital Advisor.

"The market has revived almost 4 percent since the low of the budget, but I don’t know how sustainable it is. We have been waiting for an economic revival for quite some time and we must be very close to it I hope,” he noted.

“Commercial vehicles could revive within six months or so because by that time the BS-VI situation would have stabilised and even the base would be much better because six months ago things were in much worse shape. Quite a lot of the inventory is out now. From the second quarter of FY21, things should start looking up,” Bhat opined.