Sanjiv Bhasin, Director, IIFL Securities, says “there is a huge under-ownership of PSUs and this sector will gather steam. As a disclosure, we have both IRCON and IRFC in our portfolios. But please do not chase them. But replace some of your real estate stocks with largecap banks. I think ICICI Bank is going to see a 30% jump in market cap over the next three to six months.” Last week was marred by HDFC Bank but it seems like ICICI Bank is going to pick up the flavour for banks.Sanjiv Bhasin: After the biggest event of Ram temple inauguration and not to forget the Dow crossing 38,000, the pessimists and the people on the sideline waiting for corrections and talking of overvaluation,…
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