J V Capital Services,
You have got to look at banking again. There are a lot of headwinds. There are a lot of worries on inflation, higher interest rates, effect on their margins but the sector as a whole, valuation wise, is pretty reasonable. Some of the private sector banks are obviously trading at a higher premium to the PSU banks but with all these scams, it is very unlikely you are going to get some significant kind, hopefully you are not going to get any further significant scam in the banking space. That way, it is relatively insulated from that viewpoint.So this is one sector, which might be rocky over the next 3-6 months but on any significant correction, you go and you buy. You have seen the State Bank at 2500-2600 levels, it has given you a 10% upside pretty fast. So you can obviously take some profits out. So that’s one sector on which we remained quite bullish on and we feel over the next one year, there will be decent returns.
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