If one buys PNB or Bank of Baroda with a one-year time horizon, the investors will make a lot of money. Similarly, pure PSU, non BFSI companies like Bharat Electronics which is in defence electronics, Mazagon Dock which is again related to defence and submarine manufacturing look extremely good, says Sudip Bandyopadhyay, Group Chairman, Inditrade Capital. There is renewed optimism in the entire PSU pack. What is leading to this enthusiasm? Largely, it has got a power undercurrent to it?Yes, it has got power undercurrent to it and it has also got oil prices moving up in the background. I am not very keen to play this oil price moving up and immediately go and buy ONGC kind of stocks. We have seen this getting played out multiple times and there are multiple other good areas in the market to buy. I do not think I will recommend a buy in some of these stocks at this stage. But having said that, there are more opportunities in the PSU and PSB space. If we digress to PSBs, I believe Punjab National Bank and Bank of Baroda look attractive at current level. There may be a bit of correction here and there based on some of the quarterly results, asset quality numbers. But if one buys PNB or Bank of Baroda with a one-year time horizon, the investors will make a lot of money. Similarly, pure PSU, non BFSI companies like Bharat Electronics which is in defence electronics, Mazagon Dock which is again related to defence and submarine manufacturing look extremely good. We can also look at some of the power companies like NTPC which have been going up. But even at current levels, NTPC is an excellent stock. For a long term investor, power stocks like NTPC is like an annuity income. The dividend income is good, the business is set and they have their forward and backward integration pretty well worked out. So there is very little downside to NTPC over a medium to long term. As far as metals are concerned, some of the companies in the PSU basket look good. I am a believer in buying companies which are producing the ore so NMDC does look even at current levels. Where within IT, would you be comfortable buying afresh?I am very comfortable buying into HCL Tech at current levels. Apart from HCL Tech, we can look at companies which are in the forefront of digital transformation. Happiest Minds is another company where I am looking at recommending a buy. Apart from this, there are a few stocks in the midcap IT space which are also doing pretty well. Mphasis for that matter has been performing remarkably well. Recently they took over a company which is absolutely at the cutting edge of technology -- Blink in the US. This looks to be a perfect fit for them to deliver further cutting edge technology to their clients across the world. Some of these stocks definitely can be picked up with an one year plus time horizon.
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