In an interview to CNBC-TV18's Latha Venkatesh, Surabhi Upadhyay and Anuj Singhal, Udayan Mukherjee, CNBC-TV18 shared his reading and outlook on the market as well as on some sectors and stocks.
The price at which the IndusInd Bank-Bharat Financial Inclusion deal gets done will be interesting because it will set a benchmark. All of these private banks are looking for some lumpy avenues of growth now given that they are flush with liquidity. So we will see two-three quarters down the line if IndusInd Bank benefits from Bharat Financial. It is difficult to say right now from the business point of view but the swap ratio in the deal will be fairly instrumental, he said.
Generally global central banks are hinting that they will not be aggressive in raising interest rates and that is swinging the dollar in a particular direction, so emerging markets might be breathing a little easier, he added.
Some of the utility stocks will come back into vogue, which have not performed in line with the Sensex, he further mentioned.
On ICICI Lombard General Insurance’s initial public offering (IPO) plans he said, I would take life insurance above general insurance in this country.
The only space that one can feel a little bit excited about in the public sector universe is oil and gas, said Mukherjee.
Coal India is a tactical play, you might get a bump up in Coal India to about Rs 300 and that will be an excellent exit for a company, he said.
For full interview, watch accompanying video...
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