Dalal Street’s top stock picker Saurabh Mukherjea, who handles HNI money worth around Rs 8,500 crore in his PMS firm Marcellus, has picked three new stocks in his portfolio recently – City Union Bank, Tube Investments, and Narayana Hrudayalaya.While adding the smallcap City Union Bank to his financials-focused Kings of Capital Portfolio (KCP) fund, Mukherjea said the stock’s valuations are attractive at 1.1x FY25E P/B.”The bank has a long history of careful underwriting and a never-too-aggressive loan growth strategy. The bank’s strength lies in having a loyal customer base which has been built over generations leading to a stable liability franchise as well as the ability to…
Read More…