Frontline banking good bet with 6-month view: Rahul Mohindar, viratechindia,

Under: Rahul Mohindar, viratechindia, Expert Advice, Banking Sector, Banking funds, Bank, SBI, Medium Term, Long Term Basis

Rahul Mohindar of viratechindia.com is of the view that one can bet on frontline banking stocks with six month perspective.

Mohindar told CNBC-TV18, “I would typically like to look at the frontline banks first, so if I look at an State Bank of India (SBI) or an ICICI Bank I still think there is some work to do but on a different note. I was looking at a sector from a medium to long term basis. It’s an excellent sector to be betting into so even if you are going long into some of these heavyweight banking stocks its not a bad idea if you have a six month plus kind of window.”

He further added, “I would like to go with IDBI here, I don’t see a downside greater than 5-10% lets put it that way and I think it certainly still makes a good investment bet from a medium to long term basis.”