Dewan suggests that while the big private sector banks have been doing well, the PSU Banks presents a more compelling investment opportunity. He believes that PSU banks have not experienced the rally they deserve, considering their valuations. Dewan expects more powerful numbers from private sector banks like Icici Bank and HDFC BankBut PSU Banks favored for investment because of their potential.
How do you count Realty play? These stocks begin their movement about a month, moon-and-mid-one back and that is very good. But within Realty, what do you want?
Neeraj Dewan: In real estate area, we find that environment heals interest in interest, repair, and RBI steps. They certainly improved, especially in the north when we saw the prices very fastening that some conjunction occurred at these levels, which appeared last year, not seen today. There is a possibility that in a quarter or more, closer to the festival, the need may take demand. But one has to choose stocks with good potential for a long term because I’m not yet sure if they can run if the need for this party. So should be watched for the next three-four months.
Behind that, I’m positive in stock like pop estates. They come out with projects and they impose it well. This is a small company. They grow like they are projected. The type of targets provided by the DLF last year can be easily achieved. This year also the target they give for pre-sale should be easily achieved with the type of launch they have a couple of projects. Now, they also launched a bombay project. However, the better optimism is there previously invisible today. So, the next two-three months can give a better view of that.
We just chatted about the evibility of the EV on the paths of the fact that Tesla finally entered India, just opened its showroom yesterday. Which one do you think will win racial rasa because it is far from M & M at all?
Neeraj Dewan: M & M makes a very good job there. They will continue because even when the Tesla arrives, is a very priced vehicle to start the model they will also be grin. They can’t match the price that M & M is or even Tata Motors caress. So, M & M will continue to do as much as a wheeler space. On both wheels, it will appeal. I don’t think anyone’s winner there as we saw Mahindra & Mahindra in four wheeler space. It will return to major companies and new entrants. Wheeler space can be more spread.
But M & M needs a portfolio stock. In the last couple of years, the stock gives you decent returns. It should continue that the case for M & M of PRVs launched and even except for commercial vehicles. Then also have an uptick due to construction activity picking up and kills the acquisition. So, M & M should be on your list as much as imagined.
Given that we are about to start the earnings period, it is a more disappointment more. Where do you reach positive surprises?
Neeraj Dewan: Banking space and NBFC is a where you can get some positive surprises because balance sheets and they can see some picking credits in the last quarter or at least in June. Besides capital goods and infrastructure spaces, one must see what type of order they have taken this quarter. Implementing will be taken in the second half of the year, but the best order and the order books are important to look. These are the types of sectors I looked at, most of the house is tacked. There you will find the financial progress and even infrastructure, good capital of this space.Coming to private banks, where do you expect positive surprises? Doesn’t it guarantee stock prices because most of these names are practical sitting in their all-time high?
Neeraj Dewan: You are perfectly right. The big private sector banks have become very good but we see HDFC Bank consolidating around these levels. So, I’m more positive about PSU banks than small banks. There you didn’t see the type of rally PSU Banks worth seeing, the kind of valuing they sold. I’m more positive about PSU banks and we can see more powerful numbers from some large private sectors like ICICI Bank, HDFC Bank. But if I have to choose for investment, PSU banks are better placed.
