IT stocks | bank stocks: Cautious in shorter term but bullish in medium term; India to be big beneficiary of an EM rally: Vikash Kumar Jain, CLSA
Vikash Kumar Jain, Investment Analyst at CLSA, discusses the underweight on IT and overweight on banks. Banks offer interesting valuations and are closely linked to India's medium-term story. The PSU rally needs selectivity. There are various reasons to believe that the Indian market would gain significance in the global investing scene over the coming years and an emerging market rally will be a key opportunity.
Source: indiatimes.com
