Rajesh Jain of SMC Global Securities is of the view that one can buy banking stocks.
Jain told CNBC-TV18, "If this market has to get past the 5,350 mark on the Nifty, banking will have a lot to do with it. What Axis Bank numbers have reveled is the tremendous traction in terms of business growth, the interest margin and even though there have been some losses that have got disclosed, what comes through very clearly is that its not going to be back breaking or create some major problems for the entire sector as a whole. So I would be a buyer on the entire banking space and like I said, it could be key driver in the road to 5,350."
Source: Moneycontrol.com
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment