Positive on PSU banks; advises to have long-term view on Nazara Tech: Dipan Mehta – News 24-7 Live News 24-7 Live
Positive on PSU banks; advises to have long-term view on Nazara Tech: Dipan Mehta

Positive on PSU banks; advises to have long-term view on Nazara Tech: Dipan Mehta

Dipan Mehta, Director at Elixir Equities, is very positive on public sector undertaking (PSU) banks.”Next 12 months would be a golden period as far as PSU banks are concerned in terms of stock price returns. They may deliver appreciation even higher than their private sector peer group, so very positive on PSU stocks,” he said in an interview with CNBC-TV18.

He believes that PSU banks are going to be big beneficiaries of non-performing assets (NPAs) resolution as and when they do take place.On Bandhan Bank, he mentioned, “Bandhan Bank will be the biggest beneficiary. If overall recoveries are picking up well in Assam and West Bengal, then you could see lower credit cost coming to Bandhan Bank and that is the benefit for the bank and it could give good appreciation to the stock price over the next six-twelve months.”

He also talked about Nazara Technologies. “Good pedigree, great track record and if you want to play this very exciting investment theme of gaming and increase time and money spent on gaming and related App, then Nazara is the only stock which is available for you to bet on at this point of time,” he stated.

News Source: CNBC TV 18

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